Zamano reports higher revenues for first nine months

Zamano, a Dublin-listed provider of interactive applications and services to mobile devices, said revenues for the first nine months of the year totalled €16.8 million, up from €13.4 million for the same period a year earlier.

The group, which also announced that non-executive chairman John Rockett is to step down as a director next March, said it generated earnings before interest, taxes, depreciation, and amortisation (ebtida) of €2.09 million for the period under review, up from €1.71 million for the same nine months in 2014.

It had a net cash position of €5.38 million at the end of September, compared to €2.54 million last year.

Zamano said late last month that talks over a takeover of the company, with an offer price of €0.20 per share, had collapsed.

The firm has reportedly received a number of informal approaches since, which it is considering.