Racal waits on datacomms sale

Racal waits on datacomms sale
Alex Mayhew-Smith Racal Electronics has delayed the announcement of its preliminary results due to the imminent sale of its US-based Data Communications division. The division has made losses recently and Racal says it wants its results to reflect the disposal of the subsidiary. The sale is due for completion in July. However, the company has indicated a slight increase in operating profits for the year to March 1998 over last year’s ?103m. This figure will be lowered by ?10m due to reorganisation costs.


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