Zoran Corp. halves its net losses

Haifa-based Zoran Corp. halved its net losses in 2005 as record revenues were driven by a strong performance in its digital camera and DTV business.

Haifa-based Zoran Corp. halved its net losses in 2005 as record revenues were driven by a strong performance in its digital camera and DTV business. Zoran, a chip manufacturer for consumer electronics products, said 2005 brought net losses of $27m., or 61 cents a share, compared to $47.4m., or $1.11 per share, a year earlier. Full year revenues rose to $395.8m., from $378.9m in 2004. Fourth quarter net losses were $2.1m., or five cents per share, from a net profit of $5m. in the parallel 2004 quarter. Revenues for the quarter rose to $109.3m., from $74.8m. in the three months of 2004.