13th Jul 2021 11:48
(Alliance News) - Ebiquity PLC shares rose on Tuesday after the media investment analysis company delivered on expectations in the first half of 2021.
Shares in Ebiquity were up 6.8% at 56.60 pence each in London on Tuesday morning.
Ebiquity said it built on momentum seen in the second half of 2020. In the six months ended June 30, revenue rose 19% year-on-year to GBP32 million. It was also profitable during the six-month period, swinging from a loss a year earlier. In the first of 2020, Ebiquity posted a GBP1.7 million pretax loss.
The company said demand from existing clients recovered as activity levels inched closer to normal levels. Ebiquity noted it also won new business.
"We are seeing the results of solid new business performance and developing higher value strategic client relationships. We anticipate further progress in the second half," commented Chief Executive Nick Waters.
By Amrit Sahota; [email protected]
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