16th Jul 2015 08:50
LONDON (Alliance News) - Mobile marketing services company CDialogues PLC on Thursday said trading in the first half of 2015 was in line with its expectations.
The company said it has continued to increase its profit, revenue base, cash balances and geographic reach in the first half and expects revenue to hit EUR5.3 million, up from EUR4 million a year earlier.
CDialogues expects its earnings before interest, taxation, depreciation and amortisation to be EUR1.6 million in the half, up from EUR1.4 million a year before, with its free cash flow to hit EUR1.4 million, up from EUR0.5 million.
It said its pipeline looks robust at present and is confident of further revenue growth in the second half.
"We continued to diversify our revenue streams and geographic reach during the period, while targeting new markets and a wider number of MNOs. We remain well placed to build on the momentum achieved to date and expect profit margins to remain strong as our projects mature," said Pale Spanos, CDialogues' chief executive.
Shares in CDialogues were up 0.8% to 307.4999 pence on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
CDOG.L