UPDATE: Rakon shares climb to 21-month high as return to profitability looms

Wed, 12 Nov 2014

(Recasts with added share price, conference comment) By Paul McBeth Nov. 13 (BusinessDesk) - Shares of Rakon rose to their highest in 21 months after the high-tech components manufacturer flagged a return to profitability is looming, though investors will have to wait and see if they get a dividend. The Auckland-based company affirmed its annual guidance for underlying earnings before interest, tax, depreciation and amortisation of $10 million to $15 million in the 12 months ending March 31, 2015, with higher profitability expected in...

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