Rakon warns earnings may fall as chip shortage eases

Rakon warns earnings may fall as chip shortage eases
Staff reporters
Rakon warned its annual earnings may fall by as much as a third as a global shortage of chips eases and removes the tailwind that propelled last year's record result for the components maker.  The Auckland-based company said it expected underlying earnings before interest, taxes, depreciation and amortisation (Ebitda) of between $36 million and $44m in the year ending March 31, down from its record $54.4m in the prior period. Chief executive Sinan Altug said that was still going to be Rakon's second-best result after a record...