Filtronic – 45p

28 January 2013 – interim results

In the six months to 30 November, revenues on continuing operations rose by 56% to £16.4m (2011: £10.5m) with a modest operating profit of £0.1m before amortisation and exceptionals (2011: £1.2m loss).  As the finance income is negligible the pre-tax profit (2011: pre-tax loss) is the same figure.  Good results from the Wireless business made up for poor figures from Broadband and the company ended the period with net cash of £3.2m.  Although the shares have run-up on the figures they have further to run and remain ATTRACTIVE.

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