Zeal reports strong performance
News on 16 Nov 2015
News on 16 Nov 2015
London-based Zeal Network achieved strong earnings growth in the first nine months driven by a robust underlying performance.
Key performance indicators for the 9 months ending September 30, include:
– EBIT growth of 85.8 percent
– Consolidated net profit rose significantly to Euro 8.2 million (9M/2014: Euro 1.1 million) and EPS rose from Euro 0.12 in 2014 to Euro 0.97 in the current period.
– A decrease in consolidated revenue to Euro 51.9 million (9M/2014: Euro 105.4 million) was attributed to a run of high prize payouts.
– Total operating performance was down by Euro 17.0 million to Euro 91.9 million.
Based on these results, ZEAL has reiterated its guidance from September 2, 2015 saying the Company expects total operating performance for the fully year and EBIT of Euro 120-130 million and Euro 20-30 million respectively.
