6th Aug 2015 08:11
LONDON (Alliance News) - Mobile applications and services company Zamano PLC Thursday said it is continuing to investigate acquisitions that meet its investment criteria, and it is gradually altering its customer acquisition model.
In a statement at its annual general meeting Zamano said this shift in model will result in greater in-house capabilities and market flexibility.
The company reiterated comments it made at its full year results in March, saying it had performed well during 2014 leading to a growth in earnings before interest, tax, depreciation and amortisation, revenue and cash generated from operations.
The update comes after Zamano shares surged on Monday after it said it received a "preliminary and highly conditional approach regarding a possible takeover offer".
Shares in Zamano were down 3.1% at 11.39 pence Thursday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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