ZOO Digital Group (AIM:ZOO) Trading Update - good news or bad?
ZOO Digital’s shares are down 6.5% today following the release of a trading update RNS for the Group’s year ended 31 March 2015.
ZOO Digital Group (ZOO)
http://www.zoodigital.com/
Disappointing Results
ZOO expects to report revenues approximately 20% higher than the previous year at $11.4m and an EBITDA loss for the year of $0.6m (2014: $0.5m). These results are disappointing following on from much stronger Interim results issued last November. In these Interims ZOO reported revenues up 47% at $6.9m and an EBITDA profit of $0.4 million.
Zoo Digital had warned in January this year…
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