15th Jul 2015 07:12
LONDON (Alliance News) - Television and on-demand content provider SyQic PLC on Wednesday said trading in the first half has continued to accelerate in line with its expectations, sending its shares higher in early trade.
SyQic said its Cool2vu Korean drama streaming service has shown strong signs of growth potential across Southeast Asia, Europe, South America, Central America, India and the Philippines. The company said it is seeing revenue benefits from the cross-selling of its services to telecommunications industry partners.
In addition, its Yoomob telecommunications arm has continue to grow revenue and has reduced its dependence on a key customer in Indonesia in the first half.
Shares in SyQic were up 2.3% in early trade to 38.35 pence, having opened up around 10% on the news.
By Sam Unsted; [email protected]; @SamUAtAlliance
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