MediaZest warns of annual loss amid challenging retail environment
StockMarketWire.com - Audio visual company MediaZest said it expected its results for the full year to be below current market expectations amid a difficult economic backdrop.
'Several clients are delaying projects and investment decisions, particularly in the retail sector,' the company said.
That meant trading results for the second half were expected to be lower than the first.
MediaZest said it was now expecting to be profitable at group level Ebitda and to make a small pre-tax loss, notwithstanding the strong first eight months of the year.
'The company's new business efforts have delivered progress compared to the prior year and the board is confident that this, combined with recurring revenue contracts, will provide the group with a base for further growth in the next twelve months,' it added.
At 9:23am: (LON:MDZ) MediaZest PLC share price was -0.01p at 0.09p
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