LONDON (Alliance News) - Touch sensors manufacturer Zytronic PLC on Tuesday said its pretax profit surged in the year to the end of September on higher revenue and better margins and said it plans to continue pursuing its growth ambitions.
Zytronic said its annual pretax profit rose 39% to GBP4.5 million from GBP3.3 million a year earlier. Revenue rose to GBP21.3 million from GBP18.9 million, up 13%, and this was enhanced by a substantial improvement in the company's gross margin, up to 41.9% from 36.6%.
Touch sensor units sold in the year increased to 149,000 units, up from 139,000, with touch sensor revenue now accounting for 81% of its total revenue, up from 79%.
The company said it will pay a final dividend of 8.87 pence, up from 7.16p, taking its total dividend up to 12.01p from 10.01p.
Zytronic said the new financial year has started well and it will continue to focus on product development and increasing is global presence.
"The year has started positively with maintained momentum and a continued drive to develop product functionality, expand the global sales footprint and a focus on increasing shareholder value," said Chairman Tudor Davies.
Shares in Zytronic were down 0.1% to 393.50p.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Zytronic (ZYT)