Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Rakon Posts First-Half Profit as Sales Increase

Rakon Ltd., a New Zealand-based supplier of crystal oscillators for global positioning systems, posted a first-half profit after sales and market share rose.

Net income totaled NZ$5.6 million ($4.4 million) in the six months ended Sept. 30 compared with a NZ$6.2 million loss in the same period a year ago, the Auckland-based company said in a statement. Sales gained 31 percent to NZ$94.6 million.

Rakon is expanding production in response to demand for oscillators which are used in smartphones and are a key component of femtocells, used by companies such as Vodafone Group Plc and AT&T Inc. to improve mobile network coverage. The company will open a new plant in Chengdu in mid-2011 while its plants in India and the U.K. have doubled capacity.

The first-half result extends a recovery from 12 months ago when sales were hit by the global financial crisis, Chief Executive Officer Brent Robinson said in the statement.

The company is well-positioned in all markets and is comfortable with analysts’ estimates that operating profit, or earnings before interest, tax, depreciation and amortization will be NZ$25 million to NZ$30 million in the year ending March 31, he said.

Operating profit was NZ$13.5 million in the first half and NZ$4.3 million in the year ended March 31.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.