3 years: Back into the black

Filtronic set to chalk-up first profit since 2013
Thursday 18 May 2017 Author: Steven Frazer

Microwave and radio frequency kit designer Filtronic (FTC:AIM) will report its first pre-tax profit after three years of red ink. The company, whose technology is used in mobile phone masts and base stations, has enjoyed a spell of strong trading that means it is likely to beat market expectations for £1m pre-tax profit.

Analysts at Panmure Gordon have now upped their estimate to £1.4m for the year to 31 May 2017. The company ran up nearly £15.5m of pre-tax losses during 2014 to 2016, when the share price collapsed from more than 60p to about 5p. It now trades at 13.41p.

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