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Hot Topic NBR Focus: GMO
Hot Topic NBR Focus: GMO
Investment
3 mins to read

Rakon investors go without dividend again, sale process drags on

NZX-listed oscillator maker partly blames $2.2m cost of acquisition approach for lack of FY24 dividend.

Rakon CEO Sinan Altug.

Will Mace Wed, 29 May 2024
Key points
  • Revenue: Down 29% to $128m.
  • Profit: Down 81% to $4.5m.
  • Key takeaway: Rakon continues to struggle with its core customers' inventory stockpiling, but is branching out into growing AI and space segments.

After Rakon shareholders’ prayers for an inaugural dividend were answered last year, they will have to go without this year as a sales slump in its core telecommunications and positioning segments persists.

Even at the NZX-listed oscillator manufacturer’s half-year result announcement last

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Will Mace Wed, 29 May 2024
Contact the Writer: william@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Key points
  • Revenue: Down 29% to $128m.
  • Profit: Down 81% to $4.5m.
  • Key takeaway: Rakon continues to struggle with its core customers' inventory stockpiling, but is branching out into growing AI and space segments.
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Rakon investors go without dividend again, sale process drags on
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