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(Sharecast News) - Touch sensors manufacturer Zytronic said that sales had continued to improve during the second half of its current trading year.
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.
26 Oct 2022 12:25
IN BRIEF: Zytronic says Chair David Buffham retires due to ill health
Zytronic PLC - Tyne & Wear, England-based touch sensors manufacturer - Says David Buffham to retire from position as chair on grounds of ill health, with effect from October 31. Mark Cambridge will continue to act temporarily as executive chair, and the board will continue to search for at least one further independent non-executive director.
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