Rakon turns to 1H profit; reiterates full-year profit forecast

Wed, 15 Nov 2017

By Tina Morrison Nov. 16 (BusinessDesk) - Rakon turned to a first-half profit from a loss a year earlier, citing growth across the technology company's key markets, improved margins and lower costs. The Auckland-based company posted a profit of $908,000, or 0.4 cents per share, in the six months ended Sept. 30, from a loss of $5.7 million, or 2.9 cents, a year earlier. Revenue advanced 5.1 percent to $48.3 million, as operating expenses dropped 5.7 percent to $19.5 million, it said in a statement. Managing director Brent Robinson said...

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