North tech manufacturer Filtronic is poised to report a 50% boost in profits despite the challenges of the global semiconductor shortage.
The electronic component manufacturer, with bases in Sedgefield, County Durham, Yeadon in Leeds and Maryland, US, says trading in the second half of the year was 13% higher than the first, helping to drive up revenue 10%, to an expected £17.1m, up from £15.6m.
In a trading update ahead of its results, directors said a strong sales mix and tight cost controls will result in adjusted Ebitda being materially ahead of forecasts, at no less than £2.7m, up from £1.8m.
