Zytronic witnesses sales growth in H2, reverses H1 loss
Zytronic
55.00p
16:55 19/04/24
Touch sensors manufacturer Zytronic said that sales had continued to improve during the second half of its current trading year.
Electronic & Electrical Equipment
9,546.13
17:10 19/04/24
FTSE AIM All-Share
745.67
17:08 19/04/24
At the time of its interim results in early May, Zytronic stated that it was beginning to see the start of an improvement in sales as a basis for expecting a gradual return to profitability.
On Tuesday, Zytronic revealed that there had been a continuation of said improvement in sales during the second half, currently running at more than 30% ahead of the first half, which has enabled the AIM-listed firm to have a faster return to profitability and reverse its first-half loss.
As a result, revenues and profits for the full year ending 30 September were now expected to be ahead of market expectations.
As of 1025 BST, Zytronic shares had shot up 17.0% to 175.50p.