Mediazest H2 trading shows 'notable improvement'

Audio-visual solutions provider Mediazest said on Tuesday that the second half of its trading year had shown a "notable improvement" in its financial performance.

Mediazest stated demand for new projects had increased in conjunction with the lifting of Covid-related restrictions and, as a result, cash in hand was higher year-on-year as of 30 September.

In terms of recent trading, the AIM-listed firm said its operating subsidiary, MediaZest International, had continued to experience "strong demand" across key sectors, including retail, automotive and corporate office spaces in the new financial year.

Mediazest's board believes it to be "well set" heading into 2022, although it remained mindful of the risk of potential future disruption in light of the continually evolving Covid pandemic.

"The board believes the anticipated improvement in financial results and the foundations in place with several existing long-term clients provide the group with a platform from which to grow both organically and by acquisition in 2022," said the group.

Mediazest added that its focus continued to be placed on adding more long-term clients with recurring revenue opportunities.

As of 0855 GMT, Mediazest shares were up 6.11% at 0.096p.