Web firm expects to break even

DUBLIN-based web and mobile services provider, Zamano, expects to break even this year and return to profitability in 2012, following a positive performance in the first half of 2011.

Zamano yesterday reported a €530,000 pre-tax loss for the six months to the end of June, significantly down on a €6.32m loss for the corresponding period last year.

The company’s first-half operating loss amounted to €393,000, compared to just over €6m in the first half of 2010. Revenue fell from €8.75m to €6.24m.