Zoo Digital generated a 'small' profit in last five months

AIM-listed Zoo Media, a provider of services which allows TV and film content to be subtitled in any language, reported that trading in the first half of the year generated a small profit as it won several contracts with new clients.

Trading in the first five months of the year generated a small profit before interest, tax, depreciation and amortisation.

Cashflow from operations has been neutral, which was consistent with the same period last year, as the company continued to “manage the business throughout the period within available facilities”.

Chairman Roger Jeynes said the company signed a number of major clients over the summer which created greater diversity in revenue sources, and growth in the number of video minutes processed each month.

He said the company continued to invest in research and development and extend its software platforms to apply automation that improves quality, lowers cost and enhances management control to offer worldwide digital video distribution.

Jeynes added: "We will continue to seek to grow our share of the expanding market with a differentiated and superior proposition.”

Shares in Zoo Digital were down 11.63% to 9.50p at 1320 BST.