A positive trading update this morning signals that Zytronic is trading ahead of expectations. The recovery in sales (of which there were tentative signs at the time of the interims) has now taken hold convincingly. H2 sales are currently running some 30% ahead of H1 and therefore also ahead of our previous cautious forecast of a balanced H1:H2 split. This has enabled a faster return to profitability than expected and a reversal of the H1 loss. This is clearly good news and we look forward to up ....
14 Sep 2021
Recovery coming through ahead of expectations
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Recovery coming through ahead of expectations
Zytronic plc (ZYT:LON) | 55.0 0 0.0% | Mkt Cap: 5.59m
- Published:
14 Sep 2021 -
Author:
James Tetley -
Pages:
3
A positive trading update this morning signals that Zytronic is trading ahead of expectations. The recovery in sales (of which there were tentative signs at the time of the interims) has now taken hold convincingly. H2 sales are currently running some 30% ahead of H1 and therefore also ahead of our previous cautious forecast of a balanced H1:H2 split. This has enabled a faster return to profitability than expected and a reversal of the H1 loss. This is clearly good news and we look forward to up ....