Zytronic expects underlying profit to grow "significantly"

17th Oct 2016 10:52

(ShareCast News) - Touch sensor products developer Zytronic provided a pre-close statement ahead of its results for the year to 30 September on Monday, which is expected to take place in December.The AIM-traded firm said the second half of the year showed a continuing trend to that reported in the first half, with touch product revenues increasing relative to both traditional products and year-on-year."Reported profit before tax for the full year will reflect the impact of a £0.9m non-cash provision arising from the group's foreign exchange policy," the board said in a statement."However, the group's underlying profit - before this non-cash item - is expected to be significantly ahead of last year and at least in line with market expectations."