RNS OUT1 Mar 2023 14:58
MediaZest, the creative audio-visual company, is pleased to provide shareholders with final results for the year ended 30 September 2022.
Highlights:
£’000 FY22 FY21 Change
Revenue 2,820 2,246 +26%
Gross Profit 1,499 1,075 +39%
Gross Margin 53.2% 47.9% +5.3%
EBITDA 220 78 +184%
Profit after tax 12 (140) £152k
Earnings/(Loss) per ordinary 0.1p share (pence per share) 0.0009 (0.0101) 0.011
Strong top line performance with a year-on-year revenue growth at +26%
Gross margins up 39% to £1,499k, margin percentage strengthens to 53.2%
EBITDA of £220k an increase of 184% year on year
Recovering well post Covid-19 Pandemic
Strengthening relations with long term clients, Pets at Home, Hyundai, Lululemon & HMV
Multiple new business wins outside of the UK, with subsidiary established in the Netherlands post year end