LONDON (ShareCast) - Mobile data services provider Zamano said its performance in the the six month ended 30 June was below forecasts due to several factors including the weakness of sterling and the delayed full integration of Red Circle.
The group said it expects earnings before interest, taxes, depreciation and amortization of at least €2.3m and adjusted diluted earnings per share of 2.0 cents.
While these results are below expectations, they represent significant growth over the same period in 2007, the group said.
Due to the performance of the business in May and June the group is satisfied, assuming constant currency, that the earnings before interest, taxes, depreciation and amortization and adjusted diluted earnings per share in the second half will show positive growth over the first half.
“The board continues to monitor the decline in consumer confidence in our key markets and its potential impact on the business,” said the group.
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