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Investegate |AssetCo PLC Announcements | AssetCo PLC: Result of the Placing

Investegate |AssetCo PLC Announcements | AssetCo PLC: Result of the Placing
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Investegate | Company News | Corporate, London Stock Exchange, Regulatory News Headlines Zytronic swings to loss as pandemic hurts sales

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Zytronic swings to loss as pandemic hurts sales | 11 May 2021

11 May 2021 | 07:39am StockMarketWire.com - Touch sensor manufacturer Zytronic swung to a first-half loss, blaming a pandemic-led hit to sales. Pre-tax losses for the six months through March amounted to £0.3 million, compared to a year-on-year profit of £0.5 million. Revenue fell 35% to £4.8 million. Zytronic did not declare an interim dividend. Net cash fell to £7.8 million, down from £14.0m million at the end of September, after payment of £6.7 million for a return of capital. Whilst we are starting from a very low base compared with our historic sales levels, the recent improvement in orders and sales are an encouraging sign of the prospects for the second half and for a return to profitability as more normal global trading resumes post Covid-19, chairman Tudor Davies said.

Investegate |Zytronic PLC Announcements | Zytronic PLC: Interim Results

 with its subsidiaries, the Group ) Interim Results for the six months ended 31 March 2021 (unaudited) Zytronic plc, a leading specialist manufacturer of touch sensors, announces its consolidated interim results for the six months ended 31 March 2021.  Comparative data is given for the six months ended 31 March 2020, except where indicated. Overview · EBITDA of £0.2m (2020: £1.0m) · Loss before tax of £0.3m (2020: profit of £0.5m) · Basic (loss)/earnings per share of (1.2)p (2020: 2.5p) · Positive operating cashflow of £0.4m (2020: £1.9m) · Net cash of £7.8m (30 September 2020: £14.0m), after payment of £6.7m in respect of the return of capital   Commenting on the results, Tudor Davies, Chairman said: Whilst we are starting from a very low base compared with our historic sales levels, the recent improvement in orders and sales are an encouragin

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