MICROCHIP maker Filtronic last night said it had scraped a profit of £900,000 in the six months to November 30, compared with £75.8m last year.
The west Yorkshire-based technologies group, which is selling its Newton Aycliffe foundry, warned it expected trading to be even worse in the second half of the year.
The company also said it was considering the closure of its final salary pension scheme.
The company is selling its lossmaking compound semiconductors business, in Newton Aycliffe, for £12.5m to US wireless technology company RF Micro Devices.
It has sold the foundry on condition RF keep the site in Newton Aycliffe for at least three years, safeguarding the short-term future of the workforce.
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