ZOO returns to profit

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Entertainment industries software developer ZOO is back in profit again.

The Sheffield company says the turnaround is thanks to an enhanced product portfolio and its decision to focus on higher margin areas.

Sales for the half year to the end of September increased to $6.2 million (£3.9 million) from $5.9 million (£3.7 million) for the same period last year, while the company notched up profits totaling $200,000 (£125,000) compared with a $1.1 million loss (£690,000).

Although ZOO remains cautious about volatility in the market it thinks that could be to its benefit.

Chief executive Stuart Green said: “Our business may be disrupted by new entrants and new ways of doing business, and we are conscious of the potential for desperate actions by established vendors under threat.

“Overall, however, we believe that this disruption should be positive for us as clients seek to de-risk their businesses.”