Filtronic seeks broadband opportunities

SHIPLEY-based Filtronic today posted a half year operating loss, but said it was committed to exploiting new broadband opportunities.

The company designs and manufactures microwave electronics products for the wireless telecoms infrastructure market.

In the six months ended November 30 2011, revenue from continuing operations was £10.5m, compared with £8.2m in the same period the year before.

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The operating loss before amortisation and exceptional items was £1.2m, compared with a £4.4m loss in the same period last year.

Howard Ford, the company’s chairman said: “Filtronic Wireless continues to broaden its range of programmes following successful trials and initial production deliveries, especially to the US market.

“Though the precise year end outcome remains sensitive to the timing of network upgrade and roll-out plans for certain US customers, further progress is anticipated for the wireless business in the second half. Broadband moves into the second half with extended order coverage for its point-to-point, aerospace and E Band radio products, which should enable this product segment to maintain its revenues even in the face of the ongoing decline in legacy business with Ceragon.

“The board remains committed to exploiting new opportunities for broadband technology and driving for new programme wins with innovative base station filters and combiners.”

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