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Rakon profit up $7.2m on one-off gain

Shares fell 2c to 28c following the announcement.

Dane Ambler Thu, 15 Nov 2018

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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Rakon profit up $7.2m on one-off gain
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