LONDON (dpa-AFX) - Filtronic plc (FTC.L), a radio frequency communications products maker, Tuesday reported revenue of 8.4 million pounds for the first half of the year, a 5% growth from 8 million pounds last year.
Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortisation, or EBITDA, was however 1 million pounds, down from 1.1 million pounds a year ago.
Looking forward, the company sees weaker trading in fiscal 2023 than current market expectation, due to current shortage of semiconductor components.
Additionally, Filtronic today said it received a new contract worth over 2 million pounds with a leading global provider of low earth orbit satellite communications equipment.
Revenue from the contract is expected to be recognised in calendar year 2023, the company said.
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