Zoo Digital narrows FY loss

Zoo Digital has narrowed its full-year pre-tax loss and booked improved revenue, at the same time issuing an optimistic outlook for 2017.

Loss before tax was $1.5m, from a loss of $2.1m. Revenue was $11.6m, from $11.5m.

"We have entered our 2017 year with a stronger pipeline, a broader range of services and a greater sales capability," said chief executive Stuart Green.

"The board is optimistic about the Company's potential for growth."

At 1:45 BST, shares in Zoo were down -5.13% to 9.25p.