British interests hit Zamano results

DUBLIN-based mobile phone technology company Zamano recorded a pre-tax loss of €3.6 million last year, after one-off value writeoffs in two of its sterling-exposed subsidiaries.

The move surrounded its Red Circle and Eirborne Text Promotions subsidiaries, which are most exposed to the weak sterling given their business interests in Britain.

Excluding the writedowns, Zamano generated earnings before interest, tax, depreciation and amortisation of just under €5m, which was up by 36% on the previous year.