vlx29 May 2012 21:39
Things on the telecoms side are more cloudy, but China is expected to provide significant growth opportunities, particularly in the data communications sector.
"We enter FY2013 with positive momentum and are well-positioned to generate continued growth in revenues, margins and profit, in line with management's expectations," said Mike McTighe, the company's Chairman.
Broker finnCap, which has a "buy" recommendation on the shares, said the figures were in line with expectations.
"Telecoms/Data saw a 10% reduction in sales but gross margins increased 2.4 points to 21.2%," notes finnCap analyst David Buxton.