viewZinc Media

Ten Alps warns on full year results

The TV and multimedia content producer says FY results will fall “materially” below market expectations

Entrance to BAFTA building
There'll be no award for financial performance this year

TV production company and recent BAFTA winner Ten Alps PLC (LON:TAL) has warned its full year results will be much worse than expected.

“The directors believe that the company will fall materially behind market expectations”, the company said in today’s trading update.

Ten Alps trades as Zinc Media and won a gong for Best Factual Series only last week, but continued problems within its publishing division are to blame for the weak outlook.

“The group has continued to sustain losses in certain parts of its publishing operations.

“These continued losses are likely to result in the group not being profitable for the year as a whole, albeit the directors do expect some improvement on the losses recorded in FY15.”

As a result, parts of publishing business are likely to be sold over the coming months.

The television and communications divisions are “operating profitably” while its latest acquisition, Reef, is also trading well, Ten Alps said.

Shares fell 0.94p or 47% to 1.06p.

Quick facts: Zinc Media

Price: 0.255 GBX

Market: AIM
Market Cap: £3.8 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Things coming together nicely in Greenland, says Bluejay Mining's CEO

Rod McIllree, Bluejay Mining PLC’s (LON:JAY) chief executive, tells Proactive that all three of its projects in Greenland are shaping up nicely with plenty of interest from mining giants. Dundas is the flagship and here a bulk sample of mineral sands has been shipped to a Rio Tinto facility...

2 days, 7 hours ago


Result of AGM

3 days, 6 hours ago

£4.3m of new TV commissions

5 days, 15 hours ago

Board Change

1 week, 2 days ago

Tern Television Earnout

3 weeks, 4 days ago

Issue of Equity

on 1/11/19

Final Results

on 30/9/19

2 min read