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Highlights
- Zoo Digital Group has quadrupled its operating profit to USD 8.1 million in the fiscal year 2023.
- By making smart capital investments in the growing markets across UAE, Turkey, India, South Korea, and Denmark, the company has capitalized on the soaring demand.
- ZOO witnessed approximately 28% year-on-year growth in top-line business to USD 90.3 million, due to the new acquisitions, growth in localisation and expansion of media services in FY23.
Zoo Digital Group PLC (LSE:ZOO) is a technology company providing services for localisation and media production. The company operates across three different segments, namely Localisation, Digital Packaging and, Software Licensing. By making smart capital investments in the growing and expanding markets across UAE, Turkey, India, South Korea, and Denmark, the company has capitalized on the soaring demand. Recently, ZOO launched its new production facility in Chennai (India) and marked a significant expansion of its operations in India.
ZOO witnessed approximately 28% year-on-year growth in top-line business to USD 90.3 million, due to the new acquisitions, growth in localisation and expansion of media services in FY23. The company has quadrupled its operating profit to USD 8.1 million in the reporting period. The company turned its loss of USD 0.2 million in the previous year to a profit before tax of USD 7.9 million in FY23. Also, ZOO recorded a massive 197% YoY hike in net cash from operations to USD 15.5 million in FY23.
Considering the significant growth potential of the Indian region, ZOO is anticipating its OTT revenue to jump to around USD 4.5 billion by 2026.
Top 10 Shareholders
Approximately 57.18% of the total shareholdings in ZOO is held by its top ten shareholders. While Canaccord Genuity Wealth Management is the biggest shareholder with the maximum number of shares with over 11.98% shareholding, Green (Stuart Antony) owns around 11.84% shareholding.
Stock Price Performance
ZOO’s stock price has increased by 5.31% in the last one month. It has declined by approximately 68.67% over the last six months. The stock’s 52-week low and high price stand at GBX 27.00 and GBX 219.89, respectively.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 02 November 2023. The reference data in this report has been partly sourced from EODHD/Others.
