Zamano, the Dublin headquartered mobile data services provider, today told investors it has stabilised its business, following a pre-tax loss of €13.3 million in 2010.

“The position of the business today is that the core mobile content business has stabilised and is delivering reasonable levels of EBITDA (earnings before interest, taxes, depreciation and amortisation) over the last three months, before re-structuring costs,” Mike Watson, chairman of Zamano, said at the company’s egm this morning.

The company has been struggling over the last three years, due to “very significant challenges” in the mobile contents sector, such as more rigorous regulation, the increase in smartphone penetration and resulting changes in the value chain. Its 2010 loss was largely due to a write-down of its goodwill from €12.7 million to €6.2 million.

However, according to Watson, management is now confident, “that a degree of stability has been achieved which positions Zamano to take advantage of growth opportunities as they arise”.

Zamano is re-positioning its core mobile content business for “moderate levels of growth”, and will focus on selling mobile content directly to consumers in four territories, Ireland, UK, USA and Spain.

Revenues in Zamano’s Irish business have stabilised over the last 10 months and the company is now focusing on maximising margin through its marketing channels. In the UK, the company is also experiencing a stabilisation in revenues and moderate growth levels, while in the US, it is making some progress in opening up new routes to market. It continues to invest in Spain and is “satisfied” with progress in this market.

The company, which is listed on Dublin’s IEX and London’s AIM, has taken a number of steps to address last year’s loss including a restructuring of its debt, and a significant cost reduction programme, which has resulted in overheads falling by nearly 30 per cent on a monthly basis.