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Interim Results

Filtronic losses narrow

16 February 2016 07:46

Filtronic's revenues fell to GBP4.5m in the six months to the end of November - down from GBP7.3m a year ago.

The operating loss before amortisation and exceptional items was virtually unchanged - GBP4.07m comapred with GBP4.11m last time - but pre-tax losses narrowed to GBP4.3m from GBP5.3m.

Chairman Reg Gott said: "Having undertaken an extensive restructuring and refinancing of the business during the course of the year, and having recently received significant milestone orders for our new product solutions, we are now much better positioned to return the company to profitability."

Story provided by StockMarketWire.com

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