Zinc Media Group (ZIN)

Sector:

Media

Index:

FTSE AIM All-Share

62.50p
   
  • Change Today:
      1.00p
  • 52 Week High: 87.50
  • 52 Week Low: 48.60
  • Currency: UK Pounds
  • Shares Issued: 24.69m
  • Volume: 3,501
  • Market Cap: £15.43m

Zinc Media expects better than forecast revenues following lockdown

By Iain Gilbert

Date: Monday 27 Jul 2020

LONDON (ShareCast) - (Sharecast News) - TV and multimedia content producer Zinc Media said on Monday that it had experienced continued good progress on its transformation plan and better than previously forecast revenues since Downing Street's coronavirus-related lockdown.
While Zinc said £2m worth of TV production had been halted as a result of Covid-19, the group said previously paused work was now resuming faster than initially forecast.

The AIM-listed group added that it had won a further £2.7m of new business since 21 May and had implemented a programme of permanent cost reductions, generating savings of £700,000 per year compared to pre-Covid-19 levels.

Revenues between July and December were also now expected to be better than forecast.

Chief executive Mark Browning said: "With TV production activity resuming and stronger sales in June in our new Zinc Communicate division we are in a better position than we had anticipated two months ago.

"There remain significant challenges ahead, and forecasting is exceptionally challenging, but we continue to win new business, improve our margins, attract new talent, and reduce our costs. The changes and improvements we said we would make in our transformation plan are firmly on track."

As of 1030 BST, Zinc shares had surged 24.29% to 52.82p.

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ZIN Market Data

Currency UK Pounds
Share Price 62.50p
Change Today 1.00p
% Change 1.63 %
52 Week High 87.50
52 Week Low 48.60
Volume 3,501
Shares Issued 24.69m
Market Cap £15.43m

ZIN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
50.21% below the market average50.21% below the market average50.21% below the market average50.21% below the market average50.21% below the market average
46.34% below the sector average46.34% below the sector average46.34% below the sector average46.34% below the sector average46.34% below the sector average
Price Trend
26.58% below the market average26.58% below the market average26.58% below the market average26.58% below the market average26.58% below the market average
2.33% above the sector average2.33% above the sector average2.33% above the sector average2.33% above the sector average2.33% above the sector average
Income Not Available
Growth
11.51% below the market average11.51% below the market average11.51% below the market average11.51% below the market average11.51% below the market average
5.26% above the sector average5.26% above the sector average5.26% above the sector average5.26% above the sector average5.26% above the sector average

ZIN Dividends

No dividends found

Trades for 13-May-2025

Time Volume / Share Price
13:16 1,000 @ 60.00p
09:19 2,500 @ 60.50p
08:57 1 @ 60.00p

ZIN Key Personnel

CFO Will Sawyer
CEO Mark Browning

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