Video post-production software firm Zoo Digital rocketed in Tuesday morning trading after saying the crucial entertainment market had 'stabilised'.
The Chairman Roger Eynes said: "At the time of our final results announced in July of this year, we stated that the company had returned to profitability in the second half of the year, and I am pleased to confirm that this has continued through the start of the new financial year.
"Our most dominant market, the filmed entertainment industry, appears to have reached a certain level of stability after a prolonged period of turbulence, which has led to improved levels of throughput to ZOO."
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The shares were up 48% by 9:45 and have now gained 95% since the beginning of the year.
BS
-
Ofgem proposes new energy tariffs with low or no standing changesStanding charges have invited public backlash as households battle high energy bills
-
Google shares bounce on Gemini 2.0 launchGoogle has launched the latest version of its Gemini AI platform, and markets have responded positively. Is it time to buy Google shares?
