Member Article

South Yorkshire’s ZOO Digital narrows pretax losses and CEO praises 'positive momentum'

Sheffield cloud-based media production firm ZOO Digital has reported narrowed pretax losses for the 6 months to September 31, recording losses of £638k compared to the same period last year, when losses reached £773k.

Revenue did increase to £6.9 million from £4.7 million

Stuart Green, CEO of ZOO Digital, commented,“The Board is very pleased with the progress achieved in the period. The positive momentum from the prior year has continued into the first half, resulting in top line revenue growth of over 40%.

“We remain encouraged by the increasing demand we are receiving for our cloud-based solutions, and our ZOOsubs offering in particular is attracting considerable interest.

“While we continue to monitor closely the changing dynamics within the entertainment industry, the growing base of repeatable revenues combined with a pipeline of new clients and projects, with a balance sheet strengthened after the period end, gives the Board good grounds for optimism in the future prospects of the business.”

This was posted in Bdaily's Members' News section by Clare Burnett .