Zytronic plc (ZYT.L) reported profit before taxation of 0.8 million pounds for the six months ended 31 March 2013, compared to 2.1 million pounds last year. Profit after taxation from continuing operations decreased to 0.6 million pounds or 4.0 pence per share from 1.6 million pounds or 10.9 pence per share last year.
Revenues decreased by 20% to 8.5 million pounds from 10.6 million pounds prior year. Operating profit decreased by 64% during the period.
The company said the decline in revenues has been due to the absence of some one-off orders for ATM display products as well as de-stocking on the Coca Cola Freestyle project and other business which together had accounted for approximately 2 milllion pounds of revenues in the comparable prior period.
The Directors of Zytronic have declared a dividend of 2.75 pence per share at 6% above the prior year, payable on 26 July 2013 to shareholders on the register on 12 July 2013.
by RTT Staff Writer
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