Filtronic plc Reports Unaudited Consolidated Earnings Results for the Six Months Ended November 30, 2012; Provides Earnings Guidance for the Fiscal Year 2013
January 28, 2013 at 12:30 pm IST
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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.
Filtronic plc develops and manufactures radio frequency (RF), microwave and millimeter wave (mmWave) technologies. The Company's products transmit, receive, and condition radio signals, particularly at microwave and mmWave frequencies. It designs and manufactures RF-to-mmWave components and subsystems for mission-critical communication networks. Its products include Morpheus X2, Morpheus II, Hades, Cerus, Tower top amplifiers, Switched filter banks, GaN amplifiers, Custom filters, Custom combiners, Interference mitigation filters, Transmit and receive modules, Transceivers, Front end modules, Ceramic filters, Combline filters, Lumped element filters, Metal cavity filters, Suspended substrate filters, Thin film filters, Small cell filters, Waveguide diplexer, Cross band combiners, and In band combiners. The Companyâs technologies are applied in high-performance markets, including aerospace and defense, telecommunications infrastructure, critical communications, space, and other markets.
Filtronic plc Reports Unaudited Consolidated Earnings Results for the Six Months Ended November 30, 2012; Provides Earnings Guidance for the Fiscal Year 2013