Zamano ‘stabilised’after €13.5m loss

Mobile software firm Zamano has said its revenues have stabilised after plummeting by 37 per cent in 2010.

2nd April, 2011

Mobile software firm Zamano has said its revenues have stabilised after plummeting by 37 per cent in 2010.

The AIM and Irish Stock Exchange listed firm reported revenues of €15.8 million in 2010, down from €25 million in 2009. As a result, the company booked a net loss of €13.5 million for the year, compared with a net profit of €1 million in 2009.

The company said that changes to the regulatory environment and tough trading conditions were some of...

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