Filtronic sales at £12m

24th Sep 2010 07:55

Wireless products specialist Filtronic's trading in the first quarter has picked up from the weak final quarter of last year, though conditions remain difficult overall. Sales are running at around £1m per month. At the end of August 2010 the company had £15.1m of cash, a reduction of £1.1m from the year-end position. This reflected a number of factors including the working capital impact of a different sales mix and improved sales overall, the statement added.Revenue from continuing operations in the year to 31 May was £15.6m, down from £28.8m the year before.