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Zinc Media posts first-half loss; sees better second half

By BFN News | 07:43 AM | Friday 15 March, 2019

Content producer Zinc Media Group posted a first-half loss, though it forecast earnings to rise in the second half. Pre-tax losses for the six months through December amounted to £711k, down from £2k on-year. Revenue rose modestly to £9.86m, from £9.76m. Zinc Media said it expected its adjusted earnings to be higher in the 'traditionally busier second half of the year'. In the first half, adjusted earnings fell to £0.01m, down from £0.2m. 'Despite a disappointing performance in one of our TV units, the other TV units, including our latest acquisition, Tern Television, continue to trade well,' chief executive David Galan said. 'We continue to see results in our strategy to secure a higher mix of longer running series and international revenues.' 'We expect this year to be second half weighted and have a contracted order book underpinning this expectation.' Story provided by

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