LONDON (Thomson Financial) - MediaZest Plc. posted a narrower loss before
tax in 2007 and said it has made good progress in terms of revenue generation
and improved margins as it continued to focus on its retail and education ops.
The company also said it continues to target new public sector tenders in
addition to its three existing long term contracts and is also broadening its
corporate offering.
"We expect to see significant gains from this strategy in the second half of
2008 and beyond," it said in an earnings update.
It said its sales pipeline is now healthier and better defined and that it
is working to further reduce overheads in 2008.
Turnover for the year rose 22 percent to 3.86 million pounds. Loss before
tax for the calendar year came in at 497,000 pounds compared with 989,000 a year
ago. The company said its gross margin improved by 12 percent.
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