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Zamano PLC ZMNO Interim Management Statement



  Zamano PLC (ZMNO) - Interim Management Statement

RNS Number : 9931H
Zamano PLC
19 July 2012
 



                                  zamano plc

                                       

                   Interim Management Statement - zamano AGM

                                       

                                 19 July 2012

 

Dublin, 19 July  2012: zamano plc  (AIM:ZMNO, ESM:ZAZ), has  today issued  the 
following Interim Management Statement in conjunction with the Group's  Annual 
General Meeting which is being held today.

 

Business Performance

The Group is pleased to report that the business has performed solidly  during 
H1 2012 as it continues to benefit from the launch of a web and mobile service
in the UK during the  final quarter of 2011.  The  revenue growth achieved  by 
the Group  in H2  2011 has  continued into  the first  half of  2012 and  this 
improved performance is expected to generate positive levels of operating cash
to year end. Overall, the Group is performing in line with expectations and is
delivering  on  its  objective  to  capitalise  on  its  core  technology  and 
operational competencies.

 

Comreg Case

In early June, zamano in conjunction  with its co-plaintiffs, Modeva, and  the 
Irish Phone Paid  Services Association obtained  a stay in  the High Court  on 
certain provisions of Comreg's new Code of Practice (which was introduced on 5
June) pending the outcome of a  Judicial Review. Despite the broadly  positive 
outlook for the remainder of 2012, the outcome of the Judicial Review and  the 
Plenary proceedings  will  ultimately, determine  the  future of  the  Group's 
premium rate SMS business in Ireland.

 

                                    -ends-

 

For further information:

 

zamano plc

Michael Connolly, Company Secretary

Tel: +353 1 554 7200

 

NCB Corporate Finance

Conor McCarthy / Shane Lawlor

Tel: +353 1 611 5611

 

Cenkos Securities

Jon Fitzpatrick

Tel: +44 (0) 20 7397 8900

Alan Stewart / Neil McDonald

Tel: +44 (0)131 220 6939

 

Edelman

Donnchadh O'Leary/David Kinch

Tel: +353 1 678 9 333

 

 

                     This information is provided by RNS
           The company news service from the London Stock Exchange
 
END
 
 
IMSGGUMUMUPPGQR -0- Jul/19/2012 06:00 GMT
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