LONDON (Alliance News) - Zytronic PLC Wednesday said it expects its full-year results to exceed market expectations after achieving wider margins because of production efficiencies.
Zytronic said it saw an improved trading performance in the second-half of the year and expects full-year pretax profit to reach approximately GBP1.9 million on revenues of GBP17.2 million.
Although the second-half is generally stronger for Zytronic, the increase on the first-half's GBP800,000 pretax profit came about because of an improved proportion and mix of touch sensor sales, which resulted in better margins due to production efficiencies.
Zytronic shares were Wednesday quoted up 12.1%, at 182.7 pence, the third biggest riser on AIM.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
Copyright 2013 Alliance News Limited. All Rights Reserved.
Zytronic (ZYT)