Rakon lifts annual earnings 10% on growing demand for telco infrastructure

Wed, 15 May 2019

By Rebecca Howard May 16 (BusinessDesk) - High-tech components maker Rakon lifted full-year earnings 10 percent, meeting guidance, as 4.5/5G telecommunications infrastructure demand continues to grow. But profits were down on last year and debt soared. Underlying earnings before interest, tax, depreciation and amortisation were $13.3 million in the year to March 31, versus $12.1 million in the prior period and in line with its guidance of between $12 million and $14 million, the Auckland-based company said. Sales were $114 million, up...

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