25th Jul 2014 09:54
LONDON (Alliance News) - CDialogues PLC said Friday its revenue and earnings before interest, tax, depreciation and amortisation more than doubled in the first half of 2014, compared to the previous year, as it saw strong trading in its second quarter.
The mobile marketing company expects to post revenue of around EUR4 million, with EBITDA of no less than EUR1.4 million, both more than 100% ahead of the previous year, it said.
CDialogues expects recent new campaign launches to lead to further revenue diversification. The company is now operating campaigns for a total subscriber base of 27 million, up from 15 million at the end of the first quarter, in the Middle East.
The company had a free cash flow, excluding one-off items relating to its AIM listing, of around EUR500,000.
Subscription-based revenue accounted for more than 75% of its total revenue for the first half of the year, it said.
"When we came to the AIM market earlier in the year, we highlighted the fact that we had a strong pipeline of opportunities and are delighted with the recent campaign launches. Furthermore, new campaigns are set to launch soon, and we expect to further diversify our revenue base and geographical footprint over the next six months," said Chief Executive Pale Spanos in a statement.
Shares in CDialogues were trading up 1.1% at 222.50 pence Friday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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