21st Sep 2015 07:23
LONDON (Alliance News) - Online advertising company Digital Globe Services Ltd on Monday said its pretax profit fell in the year to the end of June but the group said its revenue was in line with expectations and saw an acceleration in the second half.
The company said its pretax profit for the year to June 30 was USD662,570,down from USD3.8 million a year earlier, primarily as a result of the company lead generation costs nearly doubling, as the majority of its other costs remained broadly flat.
Digital Globe said its revenue for the year was up to USD40.3 million from USD38.9 million, in line with market expectations, and it said its revenue in the second half improved to hit a record level for a six-month period. It added the second half also saw an improvement in its gross margin.
The company said it will pay a dividend of 4.10 US cents per share, the first dividend it has paid and, according to the company, 15% ahead of market expectations. It also will launch a USD500,000 share buyback, subject to a floor of 50.00 pence per share.
Shares in the company were up 9.3% to 57.40 pence early Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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