logo
Share SHARE
FONT-SIZE Plus   Neg

Zytronic H1 Pretax Profit Decreases - Quick Facts

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

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
In strict adherence to the policy that 'drinking and driving are incompatible,' Anheuser Busch InBev has fired its head of operations in Germany. International fashion house Guess?, Inc. said Tuesday after the markets closed that it swung to a first quarter profit, as better costs control helped offset an 8.4% drop in revenue. The company's quarterly earnings per share also came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. United Airlines' flights were temporarily grounded on Tuesday morning due to a computer problem, leading to delays for passengers.
comments powered by Disqus
Follow RTT