Cost savings in the second half have helped Zoo Digital to announce that it will make a lower than expected loss for the year to March 2012.
Revenues have fallen from $13.8m to $11.2m. There was an increase in the number of titles prepared using the company’s Blu-ray and eBook platforms in the second half. This helped Zoo move back into profit for the period. It still made an $800,000 operating loss for the full year.
Zoo has cash in the bank of $1.2m.
At 11.75p a share, up 2p, Zoo is valued at £3.84m.
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