AZ Electronic revenue up 15pc

AZ Electronic Materials, a supplier of chemicals used in Apple’s iPad, said it was continuing to perform well, shrugging off weakness in some end markets for electronic products such as flat panels. The group posted 15 per cent higher revenue of $202m (£125.6m) in the third quarter, broadly in line with market forecasts and keeping it on track to meet its expectations for the year. “Whilst we remain mindful of the uncertain macroeconomic environment and the potential impact of weaker consumer markets on our customers, we continue to position the group for long-term growth,” the company said in a statement yesterday.