Gateshead firm Zytronic on track for strong results

In a trading update, Gateshead firm Zytronic said it had seen increased sales of its larger touch sensor products

Technology firm Zytronic says its pre-tax profits for the full year are likely to be significantly above the market consensus.

In a trading update, the Gateshead firm said it had seen increased sales of its larger touch sensor products.

The significant improvement in margins reported at the time of its interim results in May had also continued into the second half of the financial year.

Group revenue currently stands around 8% higher than during the corresponding period last year.

Zytronic develops and manufactures a range of touch sensor products that employ an embedded sensing element and are based around so-called projected capacitive technology sensing. PCT offers significant durability, environmental stability and optical enhancement benefits to system designers of touch interactive, industrial, self-service and public access equipment.

During 2012, the company developed the technology to create multi-touch touch sensing in ultra-large form factor sizes up to 84in.

In May of this year, then, it reported an 87% rise in pre-tax profits to £1.4m during the six months ending March 31.

A further update is expected at the time of the full year results announcement, likely to be in December.

Journalists

David Whetstone
Culture Editor
Graeme Whitfield
Business Editor
Mark Douglas
Newcastle United Editor
Stuart Rayner
Sports Writer