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
Zamano PLC ZMNO Interim Management Statement
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