Web services firm sees ‘improved performance’

MANAGEMENT at Zamano — the Dublin-based web and mobile services company — has told shareholders that the business has seen a “much improved” performance in the first half of its current financial year.

At the company’s annual general meeting yesterday, chief executive John O’Shea said that the company — which has recently been totally restructured on an operational basis — has made “good progress” over the past 12 months, evident in improvements in gross profit and EBITDA and a reduction in net debt to €3.4 millio.

“Investment in extending routes to market in Ireland, the UK, Spain and the US is ongoing, and the board expects revenue growth to resume in the fourth quarter of this year,” Mr O’Shea told shareholders.