Zinc Media Group has seen revenues more than double, according to interim results for the six months to 30 June 2022.
With revenue of £10.8m, it also saw gross margins of 33%, which remain significantly up on 2019 and 2020 when they were 25% and 30% respectively.
The recent acquisition of brand and corporate producer The Edge Picture Company post period-end, announced in August, will, it believes, add scale, supporting long-term profitability, alongside a strong pipeline of work across the group.
The first half of the year saw significant commissions for Zinc companies: the award of the weekly BBC One series Sunday Morning Live for an initial two year term; the recommission of the group’s largest ever series – Bargain Loving Brit – with Channel 5; the recommission from the Warner Bros. Discovery Group of Spooked Scotland; landmark programme for BBC One, Tom Daley: Illegal to be me; Afghanistan: Getting Out, another major production for the BBC.
Mark Browning, chief executive, commented: “We are delighted with the current performance of the group which has seen a considerable increase in turnover whilst maintaining an attractive margin, with good visibility of sustainable profitability. The organic growth, coupled with the acquisition of The Edge, provides initial scale and the board is optimistic about the group’s outlook and views the future with confidence.”
Pippa Considine
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