Rakon Reports Good Set of Result

  • Jun 29, 2020 NZST
  • Team Kalkine
Rakon Reports Good Set of Result

Rakon Limited (NZX:RAK) has reported net profit after tax of $4.0 million and Underlying EBITDA of $14.8 million, both up by 18% and 11% for the year ended 31 March 2020. The company’s results are higher than the guidance provided of $12 million to $14 million for 2020.

This reflects a much greater than expected finish to the year because of the higher contribution from business in the Telecommunications segment.

The company has decided not to pay any dividend this year.

 


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