£5m losses after revenues drop at listed electronics business

THE end of a major contract resulted in a loss-making first half at Filtronic as revenues dropped sharply.

For the six months to the end of November 2014, the Shipley-based designer and manufacturer of microwave electronics products for the wireless telecoms infrastructure market, reported revenue of £7.3m compared with £20.1m for the same period last year.

Pre-tax losses came in at £5.3m compared to a pre-tax profit of £93,000 in 2014, half of which was attributed to its wireless business, where sales fel... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...