Zytronic (AIM:ZYT) - this lovely little business confirms trading is materially ahead
The manufacturer of touch sensor technology products based on award winning projected capacitive technology has issued a short yet highly positive trading update. As we have commented before this a cracking little business and worthy of greater attention.
Pre-tax profit for the year ending 30 September 2015 is now expected to be materially ahead of market expectations, which were previously for pre-tax profit of £3.95m and eps of 21.24p. The second half of the year has showed an improvement in revenues over that reported for the first half where revenue also increased 13.6% to £10.0m. The improvement was particularly marked over the last quarter, resulting in a 13% increase in total revenues for the year above that reported for 2014. Revenues for 2014 were £18.89m so that lifts the 2015 full year number to approx. £21.3m and pre-tax…