Profits rise at Radstone
By Colin Holland
EETUK.com
13 November 2003 (10:07 a.m. GMT)
London, UK — Embedded computer products supplier, Radstone Technology, which specialises in supplying the defence and aerospace sector increased its profit before taxation in the six months ended 30 September 2003 by 74% to £1.18m on turnover of £18.5 million.
The figure includes a contribution from Interactive Circuits and Systems (ICS) which was acquired at the beginning of September and gross profit margin increased to 41.6% which the company says shows the effects of sales of higher margin rugged products into major programmes.
In the first six months of the year Radstone introduced seven products including the RT4PowerPact CompactPCI computer system, the IMPCC1 3U CompactPCI carrier card for PMC modules and the PMCGA3 high performance graphics board. These products enable Radstone to target the growing COTS avionics market where space is at a premium. During September the ICS subsidiary introduced the ICS-572 14-bit software radio product, combining both receive and transmit functions in one PMC module.
The electronic manufacturing services division, Foundation Technology, saw sale drop almost 8% below last year.
In early July, the Towcester operation of the EMS business completed its move in to new premises in Milton Keynes.
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