Filtronic plc (Filtronic), a leading global designer and manufacturer of a broad range of microwave and millimetre radio frequency (RF) components and subsystems, announces its Interim Results for the six months ended 30 November 2000. Its products filter, amplify, transmit and receive radio frequency signals, and address the wireless telecommunications, cable telecommunications and military markets. It has 17 worldwide sites, 7 in the UK, 6 in the US, 2 in Finland, 1 each in Australia and China.
Group sales up 57% to GBP147.6m (1999 GBP94.0m)
70% of Group sales in Wireless Infrastructure (transmit/receive modules for cellular base stations)
Operating profit before goodwill amortisation up 59% to GBP6.3m (1999 GBP4.0m)
Loss before tax of GBP1.5m (1999 loss GBP1.5m)
– after goodwill amortisation of GBP1.9m, net interest payable GBP5.8m, net currency exchange loss GBP0.1m
Loss per share was 2.95p (1999 5.38p loss) both on an undiluted and diluted basis
Maintained dividend per share of 0.90p (1999 0.90p) payable 2 April 2001
