Zoomer Media six-month results show $2.8 million turnaround, net income $1.1 million

Zoomer Media, the parent company of Zoomer magazine has announced that its first half results for the period ended December 31 showed revenues of $31.2 million and expenses of $27.3 million resulting in income before depreciation, amortization and interest of $3.9 million. Net income for the period was $1.1 million. For the comparable six month period in the previous year, the Company had revenues of $5 million and expenses of $6 million for a loss before depreciation, amortization and interest of $1 million. The net loss for the period was $1.7 million.
Second quarter revenues to end December 2010 were $16.9 million and expenses of $14.4 million resulting in income before depreciation, amortization and interest of $2.5 million, resulting in net income for the quarter was $898,317. This is a big leap from the comparable quarter a year earlier, with revenues of $2.9 million and expenses of $3.4 million with a loss before depreciation, amortization, interest and a  net loss, after tax recovery, of $884,136.