Wellington radio products developer 4RF narrows annual loss, improves sales

Mon, 03 Oct 2016

By Sophie Boot Oct. 3 (BusinessDesk) - 4RF, the Wellington-based microwave radio products developer, narrowed its 2016 loss as sales grew, and says that trend has continued into the current year as it enters new markets. The net loss was $868,000 in the 12 months ended March 31, 2016, from a loss of $4.2 million a year earlier, the company's annual report said. The loss before interest and tax narrowed to $421,000, from $4 million in 2015, on a 51 percent revenue gain to $23.2 million. Sales are growing very strongly in 2017, 4RF dire...

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