ZYL expects 68% narrower losses in FY10

ZYL expects 68% narrower losses in FY10

Security technology company ZYL Limited (ASX:ZYL) expects to have narrowed its FY10 losses 68% to $944,500, despite a 64% decline in revenue.

Preliminary results indicate a revenue of $610,500. But marketing expenses were slashed to just $9,500 from $895,500, and other costs were reduced as well.

Loss per share has been reduced to $0.004 from $1.580.

The company said it had conducted a review of the business operations of its current sole operating segment, its camera surveillance technology company Smart G Enterprise Protection.

A plan is as a result in development regarding expansion of these activities through marketing and acquisitions.

ZYL shares are today trading unchanged at $0.020.

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Tags securityfinancial resultsZYLASX:ZYL

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