Rakon forecasts improved operating earnings

Thu, 20 Dec 2018

By Gavin Evans Dec. 20 (BusinessDesk) - High-tech components maker Rakon is forecasting an improvement of up to 16 percent in its full-year operating earnings. Underlying earnings before interest, tax, depreciation and amortisation of $12-to-$14 million are expected for the year to March 31. That compares with the $12.1 million reported a year earlier and $5.9 million for the six months ended Sept. 30. “The second-half performance continues on track with strong demand in the telecommunications market segment for network equipment and i...

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