Filtronic's shares surge on rosy FY revenue, operating profit outlook

Filtronic's shares sprinted almost 30% higher after saying directors see full-year total group revenue of about £35m, with a commensurate increase to operating profit.

It said both full-year revenue and operating profit were ahead of market expectations.

Filtronics is a designer and manufacturer of microwave electronics products for the wireless telecoms infrastructure market and adjacent markets.

"Trading during the fourth quarter of the current financial year in the Filtronic Wireless business has been ahead of previous management expectations," it said.

The company also noted some marginal, short-term weakness in trading in Filtronic Broadband.

At 14:06 BST, shares in AIM-quoted Filtronic were up 27.5% to 12.88p.