Touchscreen maker Zytronic posts surging profits

May 20 2009 By Andrew Mernin

A MANUFACTURER of touchscreen sensors has posted a 58% surge in profits as it continues to defy the recession.

Gateshead-based Zytronic today said its group turnover had jumped 14% to £7.98m in the six months to March 2009, profits soared to £1.05m, compared to £0.67m in the same period last year.

Chairman John Kennair said: "There are encouraging signs that growth in the sales of the group's touch sensor products will continue, with a number of major new programmes in the Far East, Europe and North America.

"These factors, combined with further efficiency improvements, give us continued confidence in the growth in both sales and profitability going forward."

For more on this story see tomorrow's Journal.