Brief: Zytronic Says FY22 Revenues Are Likely To Be In Region Of 5% Higher

Zytronic

18/08/2022 07:22

Aug 18 (Reuters) - Zytronic PLC  ZYT.L :
    * ZYTRONIC PLC  - TRADING UPDATE
    * ZYTRONIC PLC - AVAILABILITY AND COST OF BOTH RAW MATERIALS
AND
ELECTRONIC COMPONENTS HAVE PROVEN TO BE PERSISTENT CHALLENGES AS
SECOND HALF OF FY22 HAS PROGRESSED
    * ZYTRONIC PLC - REPORTED REVENUES FOR FY22 ARE LIKELY TO BE
IN
REGION OF 5% HIGHER THAN £11.7M REPORTED FOR 2021
    * ZYTRONIC PLC - THESE CHALLENGES  HAS HAD A KNOCK-ON EFFECT
ON
GROUP'S CUSTOMERS AND HAS RESULTED IN A LOWER THAN ANTICIPATED
LEVEL OF ORDER INTAKE BEING OBSERVED OVER SECOND HALF TO DATE
    * ZYTRONIC PLC - PROFITABILITY FOR YEAR IS CURRENTLY
EXPECTED TO
BE AHEAD OF THAT REPORTED AT PRE-TAX LEVEL FOR YEAR TO 30
SEPTEMBER 2021
    * ZYTRONIC PLC - GROUP ANTICIPATES MAINTAINING A HEALTHY
CASH
BALANCE AT YEAR-END OF APPROXIMATELY £6.0M

Source text for Eikon:  ID:nRSR3932Wa 
Further company coverage:  ZYT.L 

 ((Reuters.Briefs@thomsonreuters.com;))