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Rakon ups earnings guidance, adds board member

Staff reporters
Wed, 29 Sep 2021

Steve Tucker has joined the Rakon board. (Image: Supplied)
Staff reporters
Wed, 29 Sep 2021
Rakon has upped its earnings guidance for its underlying earnings before interest, tax, depreciation, and amortisation (ebitda) to between $39 million and $44m for the year ending March 31, 2022.This is higher than the $27m to $32m guidance the electronics components company gave in April.In May it posted underlying editda of $23.5m for the year ended March 31, 2021, up 59% on the year prior.A fire at a factory of AKM, a temperature compensated crystal oscillator (TXCO) manufacturer, has resulted in a chip shortage that Rakon has taken advantag...

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