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 that second half revenues would be lower than the first half “due to a combination of seasonality of projects in the entertainment industry and disruptions within a major customer”.…