Zytronic results trigger partial recovery

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Zytronic results trigger partial recovery

Shares in AIM-listed touch screen specialists Zytronic (LON:ZYT) rose 7.40% to 107.40p (as of 13:05 BST) after posting results for the half year ended 31st March. Revenues for the period were down by 21.3% and pre-tax profits dropped by 64%, but cash flow was positive and ten times higher than during the same period last year.

Chairman Tudor Davies commented: “We shall keep shareholders informed of any material developments, but in common with all businesses we are facing difficult and unprecedented circumstances with anything except very short term forecasts challenging. Management will continue to respond accordingly to ensure operations are maintained in a safe manner and will utilise any Government assistance to safeguard the employment of our workforce“.

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