11th Feb 2021 09:50
(Alliance News) -Â MediaZest PLC on Thursday reported a strong start to calendar 2021 for new business wins.
Shares in MediaZest were trading at 0.14 pence in London on Thursday, almost tripling from Wednesday's closing price of 0.05p, to give the company a market capitalisation of GBP2.1 million. The stock reached an intraday high of 0.18p.
The audio visual services firm said mandates for several new projects have already been won in the new calendar year, including the extension of existing recurring revenue contracts with a long standing client, and a large project for a new client, due for delivery in the first six months of 2021.
In total, these new business wins will generate over GBP350,000 in revenue and include client engagements which the directors believe have the potential to "grow substantially" over the coming months.
MediaZest expects to announce its financial results for the 18-month period ended September 30 last year "later this month".
By Lucy Heming;Â [email protected]
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