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LONDON (Alliance News) - Zegona Communications PLC Wednesday said it has continued to perform broadly in line with its expectations, as it reported its maiden interim results since its incorporation.
Zegona is focused on acquiring business in the European telecommunications, media and technology sector.
The company was incorporated in January, and as a result does not have comparative figures. It reported a pretax loss of GBP690,661 for the half year to end-June, on revenue of GBP3,164.
During the period the company identified and pursued the acquisition of Telecable de Asturias SA. This acquisition was completed in August.
Zegona is targeting a dividend of 4.5 pence in 2016, and intends to implement a progressive dividend policy ultimately.
Shares in Zegona were down 1.9% at 155.00 pence Wednesday afternoon.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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