Filtronic plc reported unaudited consolidated earnings results for the six months ended November 30, 2012. For the period, the company reported revenue of £16,385,000 against £10,513,000 a year ago. Operating profit before amortisation and exceptional items was £147,000 against operating loss before amortisation and exceptional items of £1,197,000 a year ago. Operating loss £1,205,000 against £2,406,000 a year ago. Loss before taxation was £1,199,000 against £2,395,000 a year ago. Net cash from operating activities was £167,000 against net cash used in operating activities of £542,000 a year ago. Acquisition of plant and equipment was £704,000 against £417,000 a year ago. Loss for the period was £1,005,000 or 1.03 pence per basic and diluted share against £1,442,000 or 1.51 pence per basic and diluted share a year ago.

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 fiscal year 2013.