Rakon sees flat earnings in 2016 as global telco market slows

Fri, 18 Sep 2015

By Paul McBeth Sept. 18 (BusinessDesk) - Rakon, the high-tech components maker that returned to profit in 2015, expects 2016 earnings to be flat as a slowdown around the world crimps infrastructure investment, particularly in the firm's telecommunications market. Managing director Brent Robinson told shareholders at today's annual meeting in Auckland that underlying earnings before interest, tax , depreciation and amortisation and net profit for the year ending March 31, 2016, will be in line with 2015's $15.4 million and $3.2 million res...

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