Rakon reverses $7.2m one-off gain ahead of full-year results
The telco hardware company is mum on why it reversed the valuation.
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Technology company Rakon has written $7.2 million off the value of its investment in internet-of-things business Thinxtra ahead of its full-year results announcement on Thursday.
In September, Rakon booked an unaudited $7.2m one-off gain on Thinxtra's value based on a changed accounting
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