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MediaZest PLC - Surrey-based audiovisual services firm - Swings to annual profit in financial year ended September 30. Pretax profit of financial 2022 is £12,000 compared to a loss of £140,000 a year prior. Revenue climbs 26% to £2.8 million from £2.2 million. ‘Client demand in all three key sectors in which the company operates - retail, automotive and corporate office spaces - continued to be encouraging with new project briefs and new client pitches seen consistently throughout the year,’ MediaZest says. Cost of sales increases mildly in comparison to revenue, by 12% to £1.3 million from £1.2 million. Looking ahead, company aims to build on the recent progress and to generate organic growth, and evaluate potential acquisition targets ‘to supplement that growth where suitable,’ Chair Lance O’Neill says. Current stock price: 0.067 pence, down 4.9% on Wednesday 12-month change: down 17% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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