Filtronic sales rise as losses widen
Wireless telecoms products group Filtronic delivered an increase in half yearly sales as losses widened.
Wireless telecoms products group Filtronic delivered an increase in half yearly sales as losses widened.
Revenue from continuing operations for the six months ended 30 November 2011 rose to £10.5m compared with £7.3m for the same half a year earlier however pre-tax losses widened to £2.4m from a loss of £1.2m previously.
Sales at its wireless division surged by 66% while broadband sales remained steady after it cut costs at the division. Filtronic said it is looking to bolster its wireless presence in the US.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Commenting on the outlook chairman Howard Ford said, "Filtronic Wireless continues to broaden its range of programmes following successful trials and initial production deliveries, especially to the US market."
"Though the precise year end outcome remains sensitive to the timing of network upgrade & roll-out plans for certain US customers, further progress is anticipated for the Wireless business in the second half."
He addded, "Broadband moves into the second half with extended order coverage for its point-to-point, aerospace and E Band radio products, which should enable this product segment to maintain its revenues even in the face of the ongoing decline in legacy business with Ceragon."
No interim dividend has been recommended.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Bank of England’s MPC expected to pause interest rate cuts
The UK economy is weakening, but persistent inflation means experts expect the Bank of England’s Monetary Policy Committee (MPC) to vote against a cut to UK interest rates at this week’s meeting
-
State pension age rises hurt this group the most – should we be working longer?
The government wants us working longer to boost the economy and reduce the state pension bill – but previous increases in state pension age have not been felt equally