Demand drives 43% revenue boost for Rakon

Rakon is seeing steady revenue growth. (Image: BusinessDesk)

Thu, 25 Nov 2021

Rakon reported revenue of $85.4 million for the half year to Sept 30 2021 on the back of continued demand for its electronic componentry.This result was an improvement of 43% on the previous half year result of $59.5m.Underlying earnings before interest, tax, depreciation, and amortisation (ebitda) rose 132% to $26.4m, up from $11.4m in the same half in the previous financial year.Net profit after tax was $18.9m.The listed firm has profited from a global shortage of temperature compensated crystal oscillator (TXCO) chips, and the continued dema...

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