Member Article

Leeds wireless firm Filtronic reports pretax loss

Leeds-based Filtronic plc, the designer and manufacturer of microwave electronics products for the wireless telecoms infrastructure market has reported a loss in its final results.

The firm reported an operating loss this year of £400k (before amortisation and exceptional items) compared to a £3.1 million profit which the company reported last year.

Exceptional costs, primarily relating to the relocation of the Broadband business of £800k (2013: £400k) as well as research and development costs contributed to the loss, the report stated.

Commenting on the outlook, Howard Ford, chairman, said: “Investment in the 4G equipment infrastructure market continues to grow and offer significant opportunities for both Wireless and Broadband.

“The number, scale and quality of new opportunities continues to be strong and whilst the timing and volume of contracts from design wins remains uncertain, we expect Wireless to return to growth and with the upturn we have seen in Broadband the board is confident about the prospects for the business.”

This was posted in Bdaily's Members' News section by Clare Burnett .