Zinc Media Group PLC - UK-based TV and multimedia content producer - Expects adjusted earnings before interest, tax, depreciation, and amortization for its second half to be in the region of £500,000. This would be ahead of expectations.

Puts this down to new business wins at the start of the year and high booking levels in its publishing business.

Says that it generated free cash flow in the second half. Its cash as at December 31 amounted to £5.6 million, down 18% from £6.8 million on the same date the year before.

Notes that it booked £9 million of revenue for the next year, unchanged from last year.

Adds that it has an additional £6 million in revenue of commissions in ‘highly advanced discussions.’ This is up 20% from £5 million last year. Says that a ‘significant’ proportion of these commissions is anticipated to begin production in the second quarter of 2022.

Remarks some ‘minor delays’ to domestic and international commissions, due to the Omicron variant but expects to get these productions back on track by the end of the first quarter.

Current stock price: 84.80 pence, up 3.4% on Monday

Year-to-date change: up 38%

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