29th Mar 2016 06:57
LONDON (Alliance News) - Mobile marketing services company CDialogues PLC on Tuesday said its earnings for 2015 will be significantly lower due to weaker revenue and squeezed margins.
The company said earnings before interest, taxation, depreciation and amortisation will be less than EUR1.6 million for the year to the end of December, compared to EUR2.9 million the year earlier.
The group said revenue was weaker and project margins were thinner. This was exacerbated by investments in new projects.
In addition, CDialogues said revenue in the first quarter of 2016 has been weaker than anticipated. Revenue from its new mobile network operator client in Latin America has been delayed due to integration issues, CDialogues said, and the project may now be cancelled as a result.
By Sam Unsted; [email protected]; @SamUAtAlliance
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