MediaZest remains profitable in first half

30th May 2022 14:31

(Sharecast News) - Audio-visual solutions company MediaZest said in an update on Monday that it was profitable on both an EBITDA and profit after tax level in the half-year just ended.

The AIM-traded firm said the financial year began "encouragingly", with the six months ended 31 March showing "significant improvement" from the prior year.

As was the case in the six months ended 30 September, the group said it achieved profitability at both EBITDA and profit after tax levels.

"Current trading remains positive across the Group's key retail, automotive and corporate sectors," the board said in its statement.

"The group is also seeing increased demand for temporary and event driven technology as clients' customers return to their stores and other locations, and seek to reintroduce the 'wow factor' to their marketing activations."

MediaZest said a "more comprehensive update" would follow in its interim results.

At 1046 BST, shares in MediaZest were up 7.5% at 0.09p.

Reporting by Josh White at Sharecast.com.