Record Revenue and Profit at ZTEST Electronics Inc. for the Half Year

ZTEST Electronics Inc., listed on the CSE under the symbol "ZTE", announced that it achieved record revenue and net profit for the six months ending December 31, 2023. The company's revenue recorded an increase of 88% compared to the previous year, standing at $4,339,403. Its net income increased significantly, from a loss of $221,992 in the previous half-year to a gain of $676,213. EBITDA also saw a strong increase, rising to $940,687 compared to a loss of $73,323 last year.

These results mark the fourth consecutive quarter of revenue and net profit growth for ZTEST, allowing the company to improve its capital position and work to increase its financial assets faster than its financial liabilities. To support its growth, ZTEST plans to acquire new equipment, expected for the last quarter of 2024.

Steve Smith, CEO of ZTEST, expressed confidence in the investments made by the company, highlighting their role in creating sustainable value and envisions continued customer growth, expansion of operating margins, higher EBITDA and improved cash flow generation.