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4RF, one of Wellington's last remaining high-tech manufacturing businesses, has broken into the black and plans to invest in a new product that chairman Peter Troughton says has the potential to increase revenue substantially .

The company, which makes microwave radio equipment that is used for transmitting data wirelessly over long distances, turned around a $2.4 million loss to post a $525,000 profit in the year to March, according to accounts filed with the Companies Office.
Revenues were up 3.8 per cent to $19.1 million despite the stronger Kiwi dollar. But 4RF remains in negative equity to the tune of $3.3 million, having rung up a total of $33.7 million in accumulated losses since its incorporation in 1998

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