Ten Alps has issued a trading update highlighting it will miss market expectations and make a loss for the year. The loss is expected to be smaller than the prior year. There has been a continuation of problems at the Publishing unit and the business is now likely to make a loss in H2, albeit smaller than in H1. Whilst owned titles and events have been more robust the contract publishing has struggled with staffing and difficult contracts. The unit is being restructured and the group is in discu ....
17 May 2016
Trading Update
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Trading Update
Zinc Media Group plc (ZIN:LON) | 77.5 0 0.0% | Mkt Cap: 17.6m
- Published:
17 May 2016 -
Author:
Johnathan Barrett -
Pages:
3
Ten Alps has issued a trading update highlighting it will miss market expectations and make a loss for the year. The loss is expected to be smaller than the prior year. There has been a continuation of problems at the Publishing unit and the business is now likely to make a loss in H2, albeit smaller than in H1. Whilst owned titles and events have been more robust the contract publishing has struggled with staffing and difficult contracts. The unit is being restructured and the group is in discu ....