Rakon displays strong balance in half-year results

CEO Sinan Altug said that despite a slight net profit drop, the company posted record Ebitda for a half-year. (Image: Supplied)

Ben Moore

Thu, 24 Nov 2022

Rakon has managed to produce stable books for the September half-year, with a further continued focus on spending for growth.Research and development spending along with the costs of preparing to launch its new India-based factory meant that no interim dividend was announced, nor is it likely to reach the needed profit threshold for the full financial year.While net profit was down 15% to $16 million, revenue rose slightly over the same period in the previous year, from $85.4m to $87.2m.The technology company posted what chief executive Sinan A...

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