Zytronic PLC
25 April 2002
ZYTRONIC PLC
Trading Statement
In the past six months Zytronic has continued to progress a number of
touchscreen projects in the sectors of financial services, telecommunications,
gaming and interactive kiosks. Amongst these projects Zytouch has been
specified by B.T. for their web telephone system, which is the world's largest
network of public access internet terminals. Production has now commenced and
BT anticipate the roll out of the project to be 28,000 units. Other projects
continue to be progressed and we expect to be able to make a series of
announcements later in the year.
In my statement in December 2001 I stated that there would be a substantial
reduction in profitability in the first half of this year as a consequence of an
increase in overheads, in order to strengthen the senior management and sales
and marketing operations, which Directors believe is necessary to support the
development of Zytouch. This, coupled with the downturn in the electronics
sector, has left the company making a pre tax loss of approximately £480,000 in
the first half of this year. With the recent return to more normal sales levels
we expect a significant improvement in trading in the second half.
Zytouch continues to be successfully specified in qualification programmes in
all targeted market sectors and the Directors anticipate that further
substantial contracts will be secured in the second half of this year. The
strengthening of the traditional order book to the levels of last year, combined
with existing Zytouch contracts and the ongoing success in the qualification
programmes, lead the Directors to remain optimistic about the future prospects
of the group.
25 April 2002
ENQUIRIES:
Zytronic Plc Tel: 0191 414 5511
Ian Lawson, Chief Executive
College Hill Tel: 0207 457 2020
Michael Padley
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