Rakon expects $10m could be shaved off earnings

Rakon's chief executive, Sinan Altug. (Image: Rakon).

Mon, 17 Jul 2023

Rakon says a slowdown in the global 5G network rollout could cut as much as $10 million off its earnings guidance for the 2024 year.The New Zealand stock exchange-listed tech component manufacturer – which supplies into the telecommunications and space and defence sectors – is working in the guidance range of between $26m and $34m for its earnings before interest, tax, depreciation and amortisation (Ebitda) for the full 12 months to March 2024.In May, it announced it would pay a maiden dividend of 1.5 cents a share despite a di...

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