Zytronic final results

John Kennair, chairman of Zytronic plc, the UK specialist manufacturer of touch screens and optical filters for electronic displays, reported that the year to 30 September 2001 has seen continuing gro…

John Kennair, chairman of Zytronic plc, the UK specialist manufacturer of touch screens and optical filters for electronic displays, reported that the year to 30 September 2001 has seen continuing growth in sales for the group, with profits improving by 50% and good progress in the development of Zytouch. The group has been successful in securing contracts with major international companies in the areas of telecommunications, banking and interactive kiosks. These contracts are expected to benefit the second half of the current financial year. Kennair said the additional investments in development, management and marketing will lead to a substantial reduction in profitability in the six months to 31 March 2002 against the corresponding period last year. It is, however anticipated that the inclusion of the Zytouch business in the second half will result in an improving performance. The chairman added: “The very positive response that Zytouch has received in the market place and, most importantly, the substantial contracts that have already been secured, give the directors continued optimism about the future growth prospects of the group.”