Zytronic (AIM:ZYT) - results much as expected and c5% yield now on offer!
The AIM quoted manufacturer of touch sensors, announced preliminary results for the year ended 30 September 2013 broadly as expected, although the market was clearly surprised pushing the shares down sharply!
Zytronic manufactures a unique range of internationally award-winning touch sensor products. These products employ an embedded sensing element and are based around either projected capacitive technology (“PCT™”) or mutual projected capacitive technology (MPCT™) sensing. Both technologies were developed and designed to offer significant durability, environmental stability and optical enhancement benefits to system designers of touch interactive, industrial, self-service and public access equipment. After five years of continuing growth Group revenue fell to £17.3m from £20.4m in the prior year. Thankfully the second half of the year showed a considerable improvement with an underlying operating profit of £1.6m (2012: £2.1m) compared…