IN BRIEF: Zinc Media notes contract delays but outlook sound
8th Jul 2024 14:27
Zinc Media Group PLC - London-based television and content production company - Expects secured revenue of GBP28 million for the six months ended June 30, GBP4 million higher than since the last update published in April. For the first half of 2023, Zinc Media had reported revenue of GBP18.1 million. A further GBP9 million for recognition in 2024 "is at highly advanced discussions on the pipeline," the company adds. It emphasises that customers are taking longer to sign off contracts and confirm the start of production due to challenges in the UK commissioning market. Total revenue won and due to be recognised is at GBP37 million, down 2.6% from GBP38 million at the same time a year ago. Read More