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Trading statements

Filtronic on track

19 June 2017 07:25

Filtronic said trading during the fourth quarter continued in line with the market guidance provided in its update on 12 May.

It said the board therefore expected, subject to audit, to report group revenue of approximately £35.4m (2016: £13.6m) and operating profit before amortisation of intangibles of approximately £1.7m (2016: £6.8m operating loss before amortisation of intangibles).

The group had net cash of £2.6m as at 31 May 2017 (2016: net debt £0.3m).

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