Rakon shares rise 7.5% on FY22 guidance

Thu, 01 Apr 2021

Rakon shares jumped after it issued earnings guidance for the current financial year that was 35-45% higher than the guidance for the 12 months ending March 31.Rakon hit $1 just after midday climbing more than 7%, the biggest gainer on NZX at the time.The tech components maker said it expects to achieve underlying earnings before interest tax and depreciation for the year ending March 31, 2022, of between $27-$32 million.While it has not issued its 2021 result, its guidance for that year was updated in January to between $20-$22m.Rakon said in...

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