ZYTRONIC: Excellent results with exports surging
The specialist manufacturer of touch sensors and optical filters for electronic displays, announced excellent results for the year ending 30th September 2009.
Revenue of £15.9m increased by 8.2% with growth of 18.2% in touch sensor sales. Profit before tax increased by 32.2% to £2.3m and eps increased by 58.9% to 11.6p, just ahead of consensus estimates of 11.1p. The final dividend of 3.8p results in a total for the year of 5.0p and an increase of 25.0%. Consensus estimates were for 4.50p. The key highlights included an increase in Zypos® touch sensor sales of 54.9%. Export sales now representing 85.9% of Group sales, up from 79.4% previously. Operating profit of £2.394m resulted in positive net cashflow from operating activities £2.482m Gearing used…