Rakon profit up $7.2m on one-off gain
Shares fell 2c to 28c following the announcement.
Troubled Auckland tech company Rakon managed to scrape up an increase in net profit after its investment in an internet of things startup was revalued but its net debt has blown out to $3.9m from $30,000 a year ago.
Still managing director Brent Robinson is undeterred by the rising debt due to
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