Rakon (NZX.RAK) has reported record earnings for FY22, with total revenue up 34% to $172.0m and Underlying EBITDA more than doubling to $54.4m.
This performance was driven by strong global demand and the opportunities created by a worldwide chip shortage.
The company had $23.2m in net cash at balance date, against last year’s $5.0m, and announced a new dividend policy which prioritises the use of cash surpluses towards organic and strategic investment in growth and expansion.
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