16th Feb 2016 08:28
LONDON (Alliance News) - Digital Globe Services Ltd said on Monday trading in the first half of its current financial year was the "strongest to date" and was "confident" it would meet full year market expectations.
The customer acquisition consulting company's shares were up 9.8% at 55.70 pence on Monday morning, after it said it was expecting revenue in the range of USD22.0 million to USD24.0 million in the six months to December 31, an increase of at least 13% over the same period last year, when it was USD19.5 million.
Digital Globe Services also said its earnings before interest, tax, depreciation and amortisation are expected to be between USD2.2 million and USD2.4 million, at least four times the figure it posted in the first half of 2015.
Digital Globe Services said, heading into the "typically stronger second half", it was confident it would meet market expectations for the full year.
"We continue to reap the benefits of the investments made in our business in 2015 through a broadening of our customer base and substantial growth in new verticals. With our strong balance sheet and continued profit generation we are confident in our strategy and ability to execute on our growth plans," said Chief Executive Jeff Cox.
By Hannah Boland; [email protected]; @Hannaheboland
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