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Zytronic PLC, a U.K. based manufacturer of touch sensors, reported improved sales and earnings for the first half of 2022 against the prior year period. Highlights include:
- Revenue rose 24% from £4.8 million ($5.94 million) in HY2021 to £5.9 million ($7.3 million) in the six months ending March 31, 2022. The improvement was partially driven by improved customer confidence in gaming and vending.
- Profit improved from a £184,000 loss ($227,740) to a £343,000 ($424,540) gain.
- Basic earnings per share improved from a 1.2 pence (1 cent) loss to a 3 pence (4 cents) gain.
- The board once again decided not to pay an interim year dividend.
- Ongoing travel restrictions in markets undermined sales and marketing activities, including the postponement of trade shows.
- Disruption in the electronics component supply chain raised costs.
«While the previously noted post-pandemic issues look likely to present a headwind for the remainder of the financial year, the group remains well positioned to progress in its recovery, particularly now as global sales and marketing activities resume and provide the basis for the generation of new future opportunities,» David Buffham, company chair, said in the press release.
The group outlook remains positive despite lingering pandemic impact.
For an update on how the coronavirus pandemic is affecting the kiosk industry, click here.