MediaZest Plc Trading update

 
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 
 

(END) Dow Jones Newswires

September 18, 2018 02:00 ET (06:00 GMT)