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Pin to quick picksMediazest Share News (MDZ)

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MediaZest half year losses widen

Wed, 19th Dec 2012 08:05

Advertising firm Mediazest said first half losses widened and as it takes further steps to reduce overheads by moving into cheaper offices in April.Loss before taxation widened to £239,000 for the six months ended September 30th 2012 compared to a loss of £151,000 the same time a year before. Revenue for the period fell to £964,000 from £1.7m previously. "The results for the period reflect a difficult start to the financial year with turnover lower than the corresponding prior period, although an improvement on the preceding six months. This is partly due to timing issues, as the corresponding prior period had two larger contracts with total value of approximately £550,000 that fell into those months," it explained in a statement.Operating losses swelled to £184,000 from a loss of £109,000 a year earlier. Diluted loss per share increased to 0.073p from 0.061p. Despite the tough prevailing general economic climate, the group said work in the retail sector has picked up since the summer. Looking ahead MediaZest believes that the general economic climate will remain difficult. The group intends to place ongoing and increasing emphasis on the MediaZest Retail and Corporate offerings."Opportunities for MediaZest's services will continue to grow, notwithstanding the head wind of budgetary constraints in the general economic climate," it added.MediaZest also announced a placing of 149,166,900 shares at 0.12p per share to raise £179,000 before expenses.Shares of MediaZest plunged 20.59% at 08:50am in London.CJ
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13 May 2024 11:51

MediaZest shares leap on new contracts and expected return to profit

(Alliance News) - Shares in MediaZest PLC shot up on Monday, after the company reported strong trading in the first half of its financial year and boasted of several new contract wins.

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13 May 2024 11:34

Mediazest delivers 'positive' H1 performance

(Sharecast News) - Audio-visual solutions provider Mediazest said on Monday that it had delivered a "positive" first-half performance, with strong momentum also continuing into H2 with further contract wins.

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13 May 2024 10:38

AIM WINNERS & LOSERS: MediaZest soars on new orders, trading momentum

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3 Apr 2024 12:19

EARNINGS AND TRADING: MediaZest optimistic; Volta Finance NAV up

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28 Mar 2024 15:53

MediaZest reports continued robust trading

(Sharecast News) - Audio-visual specialist MediaZest said in an update on Thursday that, as explained in its full-year results earlier this month, it had seen a significant increase in activity during the final quarter of the last financial year ended 30 September.

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21 Mar 2024 14:59

UK shareholder meetings calendar - next 7 days

Friday 22 March 
Kitwave Group PLCAGM
Triple Point Energy Transition PLCGM re managed wind-down
URU Metals LtdAGM
Monday 25 March 
Digital 9 Infrastructure PLCGM re managed wind-down
Hardide PLCAGM
Sondrel Holdings PLCGM re convertible loan agreement and proposed fundraise
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Becket Invest PLCAGM
Power Metal Resources PLCAGM
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Titon Holdings PLCAGM
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Kondor AI PLCAGM
Nexus Infrastructure PLCAGM
RC365 Holding PLCGM re convertible loan note issue
Tekmar Group PLCAGM
Troy Income & Growth Trust PLCGM re proposed combination
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Dar Global PLCAGM
Idox PLCAGM
Law Debenture Corp PLCAGM
Malin CorpAGM
MediaZest PLCAGM
React Group PLCAGM including vote on share consolidation
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.

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5 Mar 2024 21:59

IN BRIEF: MediaZest optimistic for future despite swing to loss

MediaZest PLC - Surrey, England-based audiovisual solutions provider - Swings to pretax loss of GBP553,000 in the financial year ended September 30, from a profit of GBP12,000 a year prior. Revenue falls 17% to GBP2.3 million from GBP2.8 million. Looking ahead, says demand in three core sectors of retail, automotive, and corporate offices continues to grow. Further, notes rise in incoming opportunities after the financial year ended amid increased marketing activity. Says that longer term client projects are set to continue in the current financial year 2024. Whilst noting that the company is disappointed about the results of financial 2023, Chief Executive Officer Geoff Robertson says: "Following the uptick in activity in Q4, we believe we are well-positioned moving into the next financial year. Ongoing long term project roll outs with existing customers including Hyundai [Motor Co], Pets at Home [Group PLC] and Lululemon [athletica Inc], in Europe in particular, have continued into FY24 with further installations already completed and additional projects forthcoming."

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13 Feb 2024 10:05

Mediazest secures 'substantial new business win'

(Sharecast News) - Audio-visual solutions group Mediazest has scored a "substantial new business win" with a "large" UK-based FTSE-listed client.

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13 Feb 2024 09:35

IN BRIEF: MediaZest wins GBP200,000 contract with "large" UK client

MediaZest PLC - Surrey, England-based audiovisual solutions provider - Announces "substantial" new business win with "large" UK-based, FTSE-listed client. Under the contract, MediaZest will provide digital signage solutions for multiple workspace locations for the client over the next two years, with an aggregate contract value of around GBP200,000.

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13 Feb 2024 08:48

LONDON MARKET OPEN: Slow start ahead of US inflation reading

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13 Feb 2024 07:45

LONDON BRIEFING: "Record" Tui quarter; Ultimate Products eyes payouts

(Alliance News) - London's FTSE 100 is to open ever-so-slightly lower on Tuesday, with trade set to be nervy ahead of the afternoon's US inflation data.

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8 Jan 2024 12:20

MediaZest raises £0.12m to drive Dutch growth

(Sharecast News) - Audio-visual creative company MediaZest completed a fundraising on Monday, raising £0.12m before expenses, to support the growth of its Dutch subsidiary.

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8 Jan 2024 11:46

IN BRIEF: MediaZest raises extra funds as strong trading continues

MediaZest PLC - Surrey, England-based audiovisual solutions provider - Raises GBP120,000 through issue of 300.0 million shares at 0.04 pence each. Fundraise comprises placing of 250.0 million shares and a subscription to the other 50.0 million "for certain private investors". Company will use proceeds to invest in business development and support growth of its Dutch subsidiary. MediaZest also continues to sign repeat work, while annualised recurring revenue contracts have increased in value to around GBP700,000 per year. Adds that markets in key sectors are expanding and that it aims to "build a best in class roll up business, attractive to larger players in the medium term."

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27 Nov 2023 15:45

MediaZest secures international retail business opportunity

(Sharecast News) - MediaZest announced on Monday that it recently secured a new business opportunity with an international retail client.

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