zamano plc (AIM: ZMNO, ESM: ZAZ), a leading European provider of interactive applications and services to mobile devices, is pleased to issue an Interim Management Statement in conjunction with its Annual General Meeting (“AGM”) which took place today in Dublin.
Business Update
At the time of its 2014 full year results announcement on 19 March 2015, zamano reported that it had performed well during 2014 resulting in growth in EBITDA, revenue and cash generated from operations. This result was achieved through continuous focus on revenue growth, while also maintaining discipline on costs.
Strategically, the Company is gradually altering its customer acquisition model, which when completed, will result in greater in-house capabilities and market flexibility. zamano continues to pursue the development of its carrier billing capabilities with its recently deployed connections to the Irish Mobile Operators.
The Group continues to investigate acquisitions which meet its investment criteria in terms of value and potential.