20th Jun 2016 07:24
LONDON (Alliance News) - Filtronic PLC on Monday said its revenue for the year to the end of May fell despite a significant improvement in trading in the second half.
The company, which makes microwave electronic products for the wireless telecommunications infrastructure market, said revenue for the year to May 31 was GBP13.6 million, down from GBP17.5 million a year earlier. Revenue for the second half, however, more than doubled to GBP9.1 million from GBP4.5 million.
Wireless sales dipped to GBP9.0 million from GBP10.3 million, while Broadband sales were down to GBP4.6 million from GBP7.2 million, hit by weaker legacy product sales.
"The prospects for both integrated ultra-wide band antennas and E-band transceivers continue to be encouraging and the growing pipeline of enquiries represents a considerable opportunity for the business to continue its recovery toward delivering sustainable growth," said Filtronic Chief Executive Rob Smith.
Filtronic will publish annual results on August 2.
By Sam Unsted; [email protected]; @SamUAtAlliance
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