11th May 2016 09:42
LONDON (Alliance News) - Taptica International Ltd Wednesday said it now expects its full year earnings to be "materially ahead" of market expectations, helped by continued improvement in its margins.
The company said that, since announcing its 2015 results, its business has progressed as it had envisaged, and it continues to expect revenue growth of over 45% in 2016, in line with market expectations.
In March, Taptica reported revenue of USD75.8 million for 2015, up from USD63.1 million the year before.
The mobile advertising company formerly known as Marimedia Ltd said Wednesday it has continued to invest in its platform technology, which has helped lift gross margin in its mobile business, and in turn the overall gross margins of the company.
Shares in Taptica were up 7.2% at 82.00 pence Wednesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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