Rakon finding balance with ‘clear vision’ for growth

CEO Sinan Altug says shareholders can expect dividend to continue. (Image: Rakon)

Thu, 25 May 2023

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...

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