Zytronic boosts second half revenue, expects larger pre-tax profit
Zytronic reported an improvement in revenue for the second half of the financial year.
Electronic & Electrical Equipment
9,613.82
15:29 18/11/24
0.24%
22.97
FTSE AIM All-Share
726.32
15:30 18/11/24
n/a
n/a
Zytronic
54.31p
14:00 18/11/24
-5.28%
-3.03p
The AIM listed touch sensor manufacturer released a trading statement on Thursday ahead of the group’s full year results to 30 September.
It said that second half revenues were boosted in the fourth quarter, contributing to a 13% increase in total revenues for the year.
As a result, the company is expected to report pre-tax profit for the full year “materially ahead of market expectations”.
The company’s full year results will be released on 8 December.
At 1041 BST, shares in the company surged 36.35p (11.98%) to 339.85p per share.