MediaZest plc Provides Earnings Guidance for the Fourth Quarter and Year Ended March 31, 2016
The final quarter of the last financial year, January to March 2016, was as anticipated quieter than the previous three quarters. The rescheduling of several projects into the current financial year meant that full profitability for the year ended 31 March 2016 was not reached. However, current clients did continue to place business with the company, and new customers including Estée Lauder and Mamas & Papas were signed up. Recurring revenues have grown strongly in the last 12 months, nearly doubling in that period. The Board's intent is to continue to grow such revenues to provide greater predictability of income.