MediaZest Plc Trading update
September 18 2018 - 1:00AM
UK Regulatory
TIDMMDZ
18 September 2018
MediaZest Plc
("MediaZest" or the "Company"; AIM: MDZ)
Trading update
Ahead of today's AGM, the Board is pleased to provide the following update on
current trading. Results are from unaudited management accounts of the Company
and its sole operating subsidiary MediaZest International Limited ("the
Group").
As expected, the Group had a strong performance in the first quarter ended 30
June 2018, with Turnover of approximately GBP990,000 (2017: GBP563,000) and Net
Profit of GBP75,000 (2017: loss of GBP127,000).
These results reflect increasing levels of recurring revenues. In addition, a
number of significant new clients and projects have been secured since the year
end.
As a result, for the half year ending 30 September 2018, the Board expects to
report revenue in the region of GBP1.8million (2017 GBP1.3million) and a maiden Net
Profit for the Group of approximately GBP90,000 (2017: loss of GBP149,000).
This announcement contains inside information for the purposes of Article 7 of
Regulation (EU) 596/2014.
Enquiries:
Geoff Robertson 0845 207 9378
Chief Executive Officer
MediaZest Plc
Edward Hutton / Tom Price 020 3861 6625
Northland Capital Partners
Limited
Nominated Adviser
Claire Noyce 020 3764 2341
Hybridan LLP
Broker
Notes to Editors:
About MediaZest
MediaZest is a creative audio-visual systems integrator that specialises in
providing innovative marketing solutions to leading retailers, brand owners and
corporations, but also works in the public sector in both the NHS and Education
markets. The Group supplies an integrated service from content creation and
system design to installation, technical support, and maintenance. MediaZest
was admitted to the London Stock Exchange's AIM market in February 2005. For
more information, please visit www.mediazest.com
END
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September 18, 2018 02:00 ET (06:00 GMT)
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