Filtronic sales rise as losses widen

published 31 January 2012

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.

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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.