30 January 2017 – interim results
Results for the six months to 30 November 2016 have been released. Revenue was £21.6m (2016: £4.5 m) and Filtronic Wireless sales jumped to £18.7m (2016: £1.9m). Adjusted operating profit was £1.8m versus a £4.1m loss a year earlier. Net cash at the period end was £0.8m (31 May 2016: £0.3m Net Debt). The shares remain a SPECULATIVE BUY.