Whilst today’s interims reflect the ongoing impact of the pandemic, order intake has been on an improving trend since January, prompting a full year revenue upgrade (from £8m to £10m) within this note. The cost base has been well managed and the Group is well placed to return to profitability as trading patterns normalise post COVID. Following the Tender Offer towards the end of the period, the net cash balance remains a strong £7.8m.
11 May 2021
Improving trends prompt revenue upgrade
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Improving trends prompt revenue upgrade
Zytronic plc (ZYT:LON) | 55.0 -2.2 (-7.3%) | Mkt Cap: 5.59m
- Published:
11 May 2021 -
Author:
James Tetley -
Pages:
3
Whilst today’s interims reflect the ongoing impact of the pandemic, order intake has been on an improving trend since January, prompting a full year revenue upgrade (from £8m to £10m) within this note. The cost base has been well managed and the Group is well placed to return to profitability as trading patterns normalise post COVID. Following the Tender Offer towards the end of the period, the net cash balance remains a strong £7.8m.