Filtronic wireless sales surge

Wireless telecoms products group Filtronic said stronger than expected wireless sales more than compensated for the shortfall in broadband and it expects full year 2013 results to come in ahead of current market forecasts.

Wireless telecoms products group Filtronic said stronger than expected wireless sales more than compensated for the shortfall in broadband and it expects full year 2013 results to come in ahead of current market forecasts.

The manufacturer of microwave electronics products said revenue from continuing operations rose to £16.4m for the six months ended November 30th 2012 compared to £10.5m the same time a year earlier.

Wireless sales jumped to £11.9m during the period from £5.2m before while broadband sales slipped to £4.5m from £5.3m previously.

The group reported an operating profit before amortisation and exceptional items of £0.1m compared to a loss of £1.2m before.

Chairman Howard Ford said: "Overall, the board anticipates that stronger than expected Wireless results will more than compensate for the shortfall in Broadband, and that group performance will be ahead of current market estimates for both turnover and profits, with Wireless sales likely to represent nearly 80% of the total group revenues for FY 2013."

CJ

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

Here’s why you really should own at least some bitcoin
Bitcoin

Here’s why you really should own at least some bitcoin

While bitcoin is having a quiet year – at least in relative terms – its potential to become the default cash system for the internet is undiminished, …
16 Sep 2020
Will a second wave of Covid lead to another stockmarket crash?
Stockmarkets

Will a second wave of Covid lead to another stockmarket crash?

Can we expect to see another lockdown like in March, and what will that mean for your money? John Stepek explains.
18 Sep 2020
Central banks want politicians to take charge – but what will they do?
US Economy

Central banks want politicians to take charge – but what will they do?

The US Federal Reserve has come to the end of the road in terms of what it can do to accelerate any recovery, says John Stepek. It's over to the polit…
17 Sep 2020