ZoomerMedia's first half 2021 net income rises 73%

TORONTO — TV and radio broadcaster ZoomerMedia Limited announced today its first-half results for its 2021 fiscal year, which saw a revenue decrease but substantial growth in earnings and net income. For the six months ended February 28, 2021, ZoomerMedia generated revenues of $25.36 million, which represents an 8.5% decrease compared to revenues of $27.7 million reported by the company for the six-month period ended February 29, 2020, according to ZoomerMedia’s management discussion and analysis (MD&A) containing its financial results. The company’s adjusted EBITDA from its continuing operations rose 30.3% to almost $6.8 million in the first half of fiscal...