MediaZest reports loss after "difficult" first half

LONDON - Creative media agency MediaZest - which helped launch HMV's Store of the Future projects in the West Midlands and Tunbridge Wells last week - has cited a "difficult start to the year" in posting a 拢223,000 loss.

The loss for the first half of this year is half that of the £447,000 loss posted over the same period in 2006. Turnover had increased year on year from £1.3m to £1.8m for the period.

Despite this loss, chairman Lance O’Neill reassured investors that the group was turning its fortunes around with a successful new marketing strategy and a “more tenable” cost base.

“The second half of 2007 has begun with the group’s strongest ever quarter and in addition to a wide range of work in the education sector, we have a good order book going forward with a number of well-known blue-chip clients,” he said.

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