18th Sep 2020 11:56
Zinc Media Group PLC - London-based TV content producer - Revenue for the six months to June 30 dives 50% to GBP7.3 million from GBP14.8 million due to pause and delays in content production following Covid-19 restrictions. Pretax loss flat at GBP2.1 million. Decides against declaring interim dividend. Majority of phase one of the transformation plan will be completed by the end of September. Confident will be profitable and cash generative in the second half of 2021, even if revenue doesn't fully recover to pre-Covid-19 levels in 2021.
Current stock price: 72.00 pence
Year-to-date change: down 39%
By Tapan Panchal; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
Zinc Media