Updates

Zytronic - Gross margin jumps 260 basis points

February 2013

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Zytronic's high technology credentials have been largely ignored in the recent market rally but the manufacturer of sensors for touch screens has posted excellent full year results. The main reason for the lacklustre stock action was that revenues were broadly flat at Â£20.4m, reflecting slower than expected growth in its Touch products, where volumes grew 2% to 123,000 units and this has been blamed on a soft European economy. Nevertheless pretax profit still rose 18% to Â£4.2m, thanks to a jump in gross margin from 33.7% to 36.3%. This jump in profitability mainly reflected a shift towards larger sized touch screens, which command a price premium. Eps increased 21% to 22.2p, while net cash rose Â£0.5m to Â£2.3m. Ex ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Sports Direct - "Super stretch" bonus scheme targets increased

Fenner

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X