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Rakon nudges earnings guidance up again

Staff reporters
Fri, 12 Nov 2021

(Image: BusinessDesk)
(Image: BusinessDesk)
Staff reporters
Fri, 12 Nov 2021
Rakon has upped its earnings guidance for the year ending March 31, 2022 for the second time in three months.The electronic components manufacturer now expects to achieve underlying earnings before interest, tax, depreciation, and amortisation (ebitda) of $44 million up to $49m.This is an increase from the $39m-to-$44m projection the company gave on Sept 29, which itself was up from the $27m-to-32m guidance it gave in April. Two additional months of good performance in September and October, strong orders for the rest of the financial year...

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