StockMarketWire.com - Touch sensor manufacturer Zytronic posted a fall in annual profit, partly owing to weaker revenue from the gambling market.

Pre-tax profit for the year through September fell to £3.1m, down from £4.2m on-year.

Revenue fell to £20.1m, down from £22.3m, while gross margin contract to 33.7%, back from 37.0%, due to the change in product mix sold, with fewer large format sensors being invoiced in the year.

The company held its annual dividend steady at 22.8p per share.

'On the basis of the first two months of trading being at lower levels than last year, we are cautious about the short term,' chairman Tudor Davies said.

'However, as we have seen in prior years, trading results in the second half can improve as the year progresses and the level of enquiries for new projects are higher than last year.'


At 10:01am: [LON:ZYT] Zytronic PLC share price was +2.5p at 195p



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