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(Alliance News) - AIM-listed Zytronic PLC on Tuesday expressed cautious outlook going forward amid a revenue decline since the start of its current financial year in October.
Ahead of its annual general meeting, the manufacturer and developer of touch technology products said it is cautious about the short term, as revenue during December and January continued to be "considerably" behind last year.
However, on a more positive note, Zytronic said the order intake during January has shown a "significant" increase.
Looking ahead, the Blaydon-upon-Tyne, UK-based company said an improved order intake is an "encouraging" sign of the prospects for an improvement in the second half that it is expecting.
Zytronic shares were trading 2.9% lower in London on Tuesday at 194.30 pence each.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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