Zamano reports rise in first half profits and revenues

6th Aug 2014 16:04

Zamano, an European provider of interactive applications and services to mobile devices, reported an increase in revenues in the first half, following a a rise in sales in the UK and Australia. In trading statement on Wednesday, the company said it delivered growth in earnings before interest, tax, depreciation and amortisation (EBITDA), pre- and post-tax profit, reflecting a "strong focus on revenue diversification, cost control and cash generation".The firm is now focused on investing in acquisitions and joint venture opportunities the UK and Ireland to accelerate the development of the business."The group has focused on opportunities in mobile media, payments, messaging and related products during the period ended 30 June 2014 and is actively pursuing a number of such opportunities, any one of which, if concluded, will diversify Zamano's product base," it said. Zamano's shares rose 9.41% to 9.30p at 15:01 on Wednesday.JF