17th May 2022 12:06
Zytronic PLC - Tyne & Wear-based touch sensors manufacturer - Reports revenue of GBP5.9 million for the six months to March 31, up 23% from GBP4.8 million a year before. Swings to pretax profit of GBP399,000 from a loss of GBP314,000. Attributes result to a strong recovery with volume increases in large and shaped format sensors. Decides not to pay an interim dividend, in line with a year ago, and will consider recommending a final dividend, dependent on its full-year performance. "While the previously noted post-pandemic issues look likely to present a headwind for the remainder of the financial year, the group remains well positioned to progress in its recovery, particularly now as global sales and marketing activities resume and provide the basis for the generation of new future opportunities," says Chair David Buffham.
Current stock price: 165.00 pence, down 9.6% on Tuesday
12-month change: up 10%
By Abby Amoakuh; [email protected]
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