Hell Pizza chief executive Ben Cumming will step down from his role at the end of the year. Cumming took to LinkedIn to announce he’d made the “extremely.
RAK - Rakon Chief Financial Officer resignation sharechat.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sharechat.co.nz Daily Mail and Mail on Sunday newspapers.
We are pleased to advise that Rakon has released its financial results for the twelve months ended 31 March 2023 on Wednesday 24 May 2023. The Results. | May 23, 2023
Rakon shares rise after positive earnings upgrade
17 Jan, 2021 11:30 PM
3 minutes to read
Rakon has upgraded its earnings guidance. Photo / Natalie Slade
Rakon s share price has jumped higher after the company upgraded its earnings guidance for its 2021 financial year.
The company, which makes components for the telecommunications sector, said it expected to achieve underlying earnings before interest, tax, depreciation and amortisation of between $20 million and $22m for the year to March 31, up from its previous guidance of $16m to $18m.
Read More
Anand Rambhai, Rakon chief financial officer, said demand from the telecommunications sector had been higher than expected.
Advertisement Globally, the roll-out of 5G networks is continuing, resulting in greater demand for Rakon products. There is also greater demand for Rakon products for synchronising data centres and enhancing optical communications reflecting growth in global data volumes and cloud-based applications.