14 Nov 2014

Rakon riding high with profit planned

8:06 am on 14 November 2014

Rakon is riding high into the future, as it looks to producing a net profit for the first time in over two years.

The manufacturer of crystal timing and frequency control devices is celebrating this week as its technology is onboard the Rosetta spacecraft, helping it to probe a comet.

While the company made a $3.368 million loss in the six months ended in September, its underlying profit was almost $4.3 million in the black - for the first time in two years.

Chief executive Brent Robinson said he is confident the company can deliver on its full-year underlying profit forecast of between $10 million to $15 million.

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