ELECTRONICS firm Filtronic yesterday reported a halfyear loss before tax of more than £1m, compared with a slight profit for the same period last year.
For the six months ending November 30, the firm generated a pre-tax loss of £1.2m, compared with a profit of £100,000 in the previous year.
It comes as the firm, which is mainly based in Heighington Lane Business Park, Newton Aycliffe, County Durham, faces losing a major customer.
Last week, Filtronic’s biggest point-to-point customer, Nera Networks, was bought by Israel’s Ceragon Networks, a rival maker of point-to-point circuits, for £30.6m.
Filtronic, which employs 130 staff, said the deal was likely to have an adverse affect on its business.
Looking to the second half of the year, the company said: “Preliminary discussions with Ceragon have yet to clarify the level of Filtronic’s future business, but we are planning for a significantly lower level of point-to-point sales to this customer.
“Filtronic is continuing to execute its strategy to transform the scale of the business and to diversify its customer base with an expanded range of products to exploit opportunities in the wireless telecom market.”
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