Jul 26th 2012 - Edison Investment Research today published a report on Zetar (ZTR.L, LSE:ZTR, LON:ZTR) entitled "Back On Track". In summary, the report says:
Zetar’s preliminary results were in line with expectations, which had been reduced earlier in the year as a consequence of lower seasonal orders over Easter. Progress since then has been good, with increasing proportions of everyday lines and licensed product. Like-for-like sales in the first 11 weeks of the year were ahead by 7%. This, with the lower overheads following cost cutting, should mean a recovery in margin and profit in the current year. The well-covered dividend has been increased by 33% and the shares remain on a deep discount rating.
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