• Home
  • History
  • News
  • Business
    • Business News
    • Business Mag
  • Sport
    • Football
    • NAFC
    • Cricket
    • Durham Wildcats
    • American Football
    • Baseball
    • Rugby
    • Youth Football
  • Features
    • Blog
    • Picture Galleries
  • Community
    • A.T People
    • Services Directory
  • Video
  • Contact
  • Advertise
Aycliffe Today
Aycliffe Today
  • Home
  • History
  • News
  • Business
    • Business News
      ‘Topping out’ celebrated at multi-million pound Aycliffe development

      ‘Topping out’ celebrated at multi-million pound Aycliffe development

      NC Group strengthens board with new appointment

      NC Group strengthens board with new appointment

      How Aspire programme is lifting the lid of Aycliffe Business Park for our young people

      How Aspire programme is lifting the lid of Aycliffe Business Park for our young people

      🌍 Promote your business on a national stage!

      🌍 Promote your business on a national stage!

    • Business Mag
      Aycliffe Business: Issue 72

      Aycliffe Business: Issue 72

      Aycliffe Business: Issue 71

      Aycliffe Business: Issue 71

      Aycliffe Business: Issue 70

      Aycliffe Business: Issue 70

      Aycliffe Business: Issue 69

      Aycliffe Business: Issue 69

  • Sport
    • Football
      Aycliffe Youthy round-up

      Aycliffe Youthy round-up

      Aycliffe stay third with 4-0 away win

      Aycliffe stay third with 4-0 away win

      Aycliffe go top with four wins from first four games

      Aycliffe go top with four wins from first four games

      Unbeaten start for Sports Club

      Unbeaten start for Sports Club

    • NAFC
      Aycliffe FC celebrate record season with club awards night

      Aycliffe FC celebrate record season with club awards night

      Aycliffe narrowly miss out on play-off place – but achieve record league finish

      Aycliffe narrowly miss out on play-off place – but achieve record league finish

      Aycliffe’s play-off push on track – last home game Easter Monday!

      Aycliffe’s play-off push on track – last home game Easter Monday!

      Aycliffe boost play-off hopes with win in Leeds

      Aycliffe boost play-off hopes with win in Leeds

    • Cricket
      Aycliffe Cricket round-up

      Aycliffe Cricket round-up

      Aycliffe Cricket round-up

      Aycliffe Cricket round-up

      Aycliffe Cricket round-up

      Aycliffe Cricket round-up

      Captain Chris chalks up 750 not out for Aycliffe

      Captain Chris chalks up 750 not out for Aycliffe

    • Durham Wildcats
      WILDCATS FIGHTBACK TO SECURE CUP WIN

      WILDCATS FIGHTBACK TO SECURE CUP WIN

      WOLVES EDGE IT AGAINST WILDCATS

      WOLVES EDGE IT AGAINST WILDCATS

      DURHAM WILDCATS 73, GLASGOW ROCKS 99

      DURHAM WILDCATS 73, GLASGOW ROCKS 99

      WILDCATS SLAY LIONS AGAIN

      WILDCATS SLAY LIONS AGAIN

    • American Football
      WARRIORS BEAT AMERICAN HIGH SCHOOL

      WARRIORS BEAT AMERICAN HIGH SCHOOL

      WARRIORS START SEASON IN STYLE!

      WARRIORS START SEASON IN STYLE!

      WOODHAM WARRIORS VICTORIOUS

      WOODHAM WARRIORS VICTORIOUS

      WARRIORS COACH TO TRAIN GB SQUAD

      WARRIORS COACH TO TRAIN GB SQUAD

    • Baseball
      Aycliffe Cricket round-up

      Aycliffe Cricket round-up

      COUNCILLORS 'PITCH' FOR LOCAL SPORTS CLUB!

      COUNCILLORS 'PITCH' FOR LOCAL SPORTS CLUB!

      SPARTANS UP FOR TOP AWARD

      SPARTANS UP FOR TOP AWARD

      NEWTON AYCLIFFE SPARTANS AT WOODHAM

      NEWTON AYCLIFFE SPARTANS AT WOODHAM

    • Rugby
      Aycliffe fall to heavy defeat against league leaders

      Aycliffe fall to heavy defeat against league leaders

      Aycliffe notch up another loss in local derby

      Aycliffe notch up another loss in local derby

      Rugby: Aycliffe in bottom two after Whitley Bay defeat

      Rugby: Aycliffe in bottom two after Whitley Bay defeat

      Aycliffe return to winning ways with hard-fought victory over Bishop

      Aycliffe return to winning ways with hard-fought victory over Bishop

    • Youth Football
      Aycliffe Juniors round-up

      Aycliffe Juniors round-up

      Aycliffe Juniors round-up

      Aycliffe Juniors round-up

      Newton Aycliffe Juniors round-up

      Newton Aycliffe Juniors round-up

      Aycliffe Juniors round-up

      Aycliffe Juniors round-up

  • Features
    • Blog
      Covid-19 crisis update from your MP

      Covid-19 crisis update from your MP

      ‘Now we must move forward’ says MP

      ‘Now we must move forward’ says MP

      Business Advice: Cash Flow

      Business Advice: Cash Flow

      The Aycliffe Blue Blog

      The Aycliffe Blue Blog

    • Picture Galleries
      Picture Gallery: Duke of Kent visits Ebac

      Picture Gallery: Duke of Kent visits Ebac

      PICTURES: Hitachi Opening Ceremony

      PICTURES: Hitachi Opening Ceremony

      PICTURES: ROF 59 in progress

      PICTURES: ROF 59 in progress

      PICTURES: Ayclife dancers in national finals

      PICTURES: Ayclife dancers in national finals

  • Community
    • A.T People
      Spring 2015

      Spring 2015

      December 2014

      December 2014

      Aug - Sept 2014

      Aug - Sept 2014

    • Services Directory
  • Video
  • Contact
  • Advertise
  • Follow
    • Facebook
    • Twitter
    • Youtube
FILTRONIC BOUNCES BACK WITH £0.8M PROFITS
Home
Business

FILTRONIC BOUNCES BACK WITH £0.8M PROFITS

July 24th, 2012 Martin Walker Business 0 comments 2044

top banner

Newton Aycliffe-based firm Filtronic has followed up a £5.3m loss-making year with a profitable one.

The microwave electronics company, whose management and 100 of its 160 staff are based on Aycliffe Business Park, upped its revenue by 68% in just 12 months.

As reported in today’s Northern Echo, its preliminary end-of-year results show a total revenue of £26.1m, up from £15.5m in 2011, resulting in a net profit of £0.8m compared to 2011’s £5.3m loss.

However, despite the return to profit, chairman Howard Ford said the board had recommended no annual dividend for shareholders to allow the company to concentrate its resources on its plans for growth.

The group, whose business is split broadband and wireless, has targeted the United States market, where increases in the popularity of 4G and a significant growth in data traffic have meant network operators have needed to make significant investment.

This trend is expected to continue in the United States in the next five years, with the European market anticipated to follow suite.

Chairman Howard Ford’s report said the wireless business had a strong order book with more than 75 per cent of first half sales are expected to continue to be based on US demand.

The report added European demand was developing and was expected to provide growth opportunities in the following financial year.

The report said the broadband business is developing its market with next generation radio modules, known as E-band, as well as microwave components for aerospace applications.

He said although these revenues were expected to build progressively over the next 18 months to offset the decline in demand for traditional radio technology, these new products are not expected to produce overall revenue growth in broadband until 2014.

He also announced board member Alan Needle was to become chief executive, replacing Hemant Mardia, who is stepping down after 28 years.

The company’s growth will result in a small number of new jobs at Newton Aycliffe, and the company will also recruit for positions in the United States to support developments there.

Mr Ford said: “The volume of data traffic generated by mobile devices continues to increase rapidly. In particular, changes in content-viewing habits have resulted in a surge in video traffic, which currently represents 50 per cent of mobile data traffic and is expected to expand to 70 per cent by 2016.

“The release of new spectrum to enable this growth in mobile traffic will require significant network investment by operators, and is expected to benefit both Filtronic’s Wireless and Broadband businesses.

“I would like to wish Hemant well after 28 years service with the business and I am extremely pleased that we have such a highly qualified and experienced Wireless Systems man in Alan on the Board to take up the role of chief executive officer and take the company forward on its next phase of growth.”

 

top banner

Share it!

Facebook Twitter Google+ LinkedIn Pinterest
Next article ‘WHEELIE’ PLEASED WITH COUNCIL U-TURN!
Previous article CHANGES TO RECYCLING CENTRE RULES

Related News

‘Topping out’ celebrated at multi-million pound Aycliffe development Business
June 27th, 2025

‘Topping out’ celebrated at multi-million pound Aycliffe development

NC Group strengthens board with new appointment Business
June 24th, 2025

NC Group strengthens board with new appointment

How Aspire programme is lifting the lid of Aycliffe Business Park for our young people Business
June 19th, 2025

How Aspire programme is lifting the lid of Aycliffe Business Park for our young people

LATEST VIDEO

This week on A.T

Jul 1st 11:15 AM
News

Consultation launched for new County Durham Plan

Jun 30th 6:16 PM
Sport

Aycliffe Cricket round-up

Jun 27th 12:42 PM
Business

‘Topping out’ celebrated at multi-million pound Aycliffe development

Jun 26th 11:39 AM
Community

College students lend a hand in revitalising Pioneering Care Centre

Jun 25th 10:18 AM
News

Council committed to supporting Armed Forces

Jun 24th 3:16 PM
Community

Support for single households facing homelessness

Jun 24th 10:54 AM
Business

NC Group strengthens board with new appointment

Jun 23rd 4:01 PM
Sport

Aycliffe Cricket round-up

Jun 23rd 11:21 AM
News

Views sought on future of Newton Aycliffe and Shildon

Jun 20th 9:31 AM
Community

Woodham Academy students reach for success with retro café business

Recommend
Follow @AycliffeToday
  • Home
  • History
  • News
  • Business
  • Sport
  • Features
  • Community
  • Video
  • Contact
  • Advertise
  • Back to top
© Aycliffe Today 2019. All rights reserved.
Developed by Thrive