Filtronic sales rise as losses widen

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.

MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

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

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.

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.