Rakon finding balance with ‘clear vision’ for growth

Rakon finding balance with ‘clear vision’ for growth
CEO Sinan Altug says shareholders can expect dividend to continue. (Image: Rakon)
Ben Moore
Rakon will keep paying a dividend, even as it hunts for more ways to spend money on making money, chief executive Sinan Altug told BusinessDesk.The tech component manufacturer posted mixed results for the financial year ending March 31, 2023.Net profit and earnings before interest, tax, depreciation and amortisation (Ebitda) were both down, while revenue was up despite the temporary boost during the global chip shortage tailing off.Altug said that while the 2022 financial year was the company’s best, 2023 neatly comes in second and the co...

More Technology

The All’s, the In’s, the outs and AI …
Opinion

Simon Robertson: The All’s, the In’s, the outs and AI …

Discussing the future of the West and humanity is bone-chilling.

Fve takeaways from the Munich auto show
Technology

Fve takeaways from the Munich auto show

From "flying cars" to robots, here are some of the innovations that were spotted.

AFP 5:00am
Spark joins global JV to sweat connectivity
Markets

Spark joins global JV to sweat connectivity

Getting more value from existing networks is now the name of the game.

Pattrick Smellie 12 Sep 2025
Oracle’s Ellison now rivals Musk as world’s richest person
Technology

Oracle’s Ellison now rivals Musk as world’s richest person

The 81-year-old Oracle founder has enjoyed a $200 billion bump in his fortune.