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

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