8th Jul 2019 11:42
(Alliance News) - MediaZest PLC said Monday new business wins have continued, despite "ongoing difficulties" in the UK and global retail sector.
In the quarter to June 30, the company said it added recurring revenue contracts worth "in excess" of GBP200,000.
"The board has prioritised the group's strategic focus on clients with multiple stores and the potential to roll out MediaZest's audio visual solutions across that estate, generating long term and consistent income. The group has also focussed on providing a managed service offering around those solutions in order to generate revenue from contracts over multiple years," MediaZest explained.
The company said it added Lonon-listed Pets at Home Group PLC as a client in the period, providing audio-visual technology for the pet store's new shops in Stockport and Chesterfield.
MediaZest said it expects to release its financial 2019 results, for the year ended March, by the end of July, following the completion of its year-end audit.
Shares in MediaZest were down 4.6% on Monday in London at 0.081 pence each.
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