Rakon Ltd said its earnings before interest, tax, depreciation and amortisation (Ebitda) this year should be within the $25 million to $30 million range expected by analysts.Rakon manufactures electronic components that provide precision timing and are at
Rakon Ltd said its earnings before interest, tax, depreciation and amortisation (Ebitda) this year should be within the $25 million to $30 million range expected by analysts.
Rakon manufactures electronic components that provide precision timing and are at the heart of modern electronic systems.
The company reported Ebitda of $4.3m in the year ended March 31. The Ebitda for the second half of was $7m.
The profit predication was made at the company's annual meeting today.
The company said its research and development spend of $10.5m was the same as the previous year.
"Part of this money, $1.5m, has been provided by the New Zealand Government and we would like to recognise their support for a business like Rakon and our place in assisting the growth of our nation's economy."
