Zamano projects €3.4m profit

14 Feb 2008

Irish mobile services firm Zamano is predicting profits of €3.4m when the company files its end-of-year results in April.

Zamano, which is listed on the Dublin and London Stock Exchanges, is on the path to revenues of €60m in the year ahead.

The €3.4m profit, the company said, is at the top end of analyst expectations and reflects a doubling of Zamano’s annual revenues in 2007.

The company said the revenue increase was spurred on by two acquisitions which were in line with its strategy of strong organic growth coupled with strategic acquisitions, while also maintaining a hybrid business-to-consumer and business-to-business business model.

“Trading in 2008 is in line with expectations and the Group is looking forward to another year of high-margin revenue growth,” the company stated.

By John Kennedy