Rakon prospers as 5G and cloud demand surges
Auckland-based GPS component maker is hitting a revenue sweet spot, driven by increased global 5G mobile network rollouts and a major fire that took out a key competitor.
Auckland-based GPS component maker is hitting a revenue sweet spot, driven by increased global 5G mobile network rollouts and a major fire that took out a key competitor.
Telecommunications and GPS component maker Rakon reported a strong first half result this morning, increasing both revenue and earnings despite the shock of the COVID-19 lockdowns.
Auckland-based component maker Rakon today posted a net profit after tax of $4 million for the year to 31 March 2020, up from $3.4 million in 2019.
GPS crystal manufacturer Rakon today posted a net profit after tax of $3.4 million, down from $10 million in 2018 but steady underlying earnings.
Auckland-based GPS crystal and component manufacturer Rakon has returned to profit in the year to 31 March.