By Najat Kantouar
Zinc Media Group said business performance is in line with market expectations for fiscal 2023, adding that the company has already secured its highest level of forward bookings for fiscal 2024.
The U.K. television and audio production company said Monday that the group’s total revenue won and expected for fiscal 2023 is 38 million pounds ($47.9 million) ahead of market expectations of GBP35.7 million.
Adjusted earnings before interest, taxes, depreciation and amortization–one of the company’s preferred metrics, which strips out exceptional and other one-off items–is expected to be in line with market expectations of GBP1.0 million.
The group has already secured GBP14 million of revenue for fiscal 2024, the board added.
“We have already secured our highest level of forward bookings for the next financial year, putting us on track for another strong year in fiscal 2024 and allowing us to view the future with confidence,” Chief Executive Officer Mark Browning said.
At 0859 GMT, shares were up 2 pence, or 2.16%, at 94.50 pence.
Write to Najat Kantouar at [email protected]
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