Zoo Digital Group PLC - London-based provider of cloud-based localisation and digital distribution services - Revenue is expected to be at least $51 million in six months to September 30, up at least 89% on $26.9 million last year. Expects to deliver a ‘significant’ increase in earnings before interest, tax, depreciation and amortisation. Increased profitability will translate into substantial improvement in cash position, which will support ‘ambitious growth plans.’ Update will be provided to the annual general meeting on Tuesday afternoon.

Chair Gillian Wilmot says: ‘We have scaled our operations to support a significant expansion of capacity for localisation and media services including the new mastering service, and this has been rewarded with an increase in regular monthly orders...A strong pipeline of work and excellent customer relationships gives us continued and unwavering confidence in the future’

Current stock price: 143.50, up 13% on Tuesday morning

12-month change: up 12%

Copyright 2022 Alliance News Limited. All Rights Reserved.