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 £990,000 (2017: £563,000) and Net Profit
of £75,000 (2017: loss of £127,000).
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 £1.8million (2017 £1.3million) and a maiden Net Profit
for the Group of approximately £90,000 (2017: loss of
£149,000).
This announcement contains inside
information for the purposes of Article 7 of Regulation (EU)
596/2014.
Enquiries:
Geoff Robertson
Chief Executive Officer
MediaZest Plc |
0845 207 9378 |
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Edward Hutton / Tom
Price
Northland Capital Partners Limited
Nominated Adviser |
020 3861 6625 |
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Claire Noyce
Hybridan LLP
Broker |
020 3764 2341 |
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