The UK“s Zytronic PLC said on 12 October that it expects full-year operating profits for 2006 to be below market expectations but earnings per share to be in line, helped by a lower corporation tax c…
The UK“s Zytronic PLC said on 12 October that it expects full-year operating profits for 2006 to be below market expectations but earnings per share to be in line, helped by a lower corporation tax charge. The second half of 2006 has seen an increase of 21% in turnover compared to the same period in 2005, while the overall increase in sales year-on-year of 16% was marginally behind the firm“s expectations. Substantial sales growth along with an improvement in gross margins have resulted in significant growth in profitability compared with 2005, the company said. Zytronic“s order book has continued to improve in the second half and the uptake of its new product ZYPOS is very encouraging for 2007. With strong demand for ZYPOS, the investment in new facilities in the adjoining properties is progressing in the current quarter as indicated previously. Zytronic added that it expects the new facility to come on stream in summer 2007 to meet increasing demand. Zytronic develops and produces optical filters for electronic displays as well as specialised and transparent laminates.