30th Mar 2016 06:59
LONDON (Alliance News) - Marketing services company XLMedia PLC on Wednesday said its pretax profit and revenue surged higher in 2015, driven by contributions from acquisition.
XLMedia said pretax profit for the year to the end of December was USD24.3 million, up 84% on the USD13.2 million posted in 2014. Revenue grew to USD89.2 million from USD50.7 million, up 76%.
The company said the growth in profit was driven by acquisitions, including Tel Aviv-based web and mobile media company Marmar Media, though it saw organic growth in all business segments and regions in the year as well.
XLMedia said it remains confident it will continue to deliver growth in 2016. The group recently launched a strategic review and will consider all options, including a sale of the company or a merger with another business, to maximise shareholder value. The review continues.
"We are extremely pleased to report another record breaking year. During 2015 we continued to invest in our technology, systems and people which are the key drivers for performance and future growth. We also made significant progress regarding acquisitions, and successfully diversified our business further," said Chief Executive Ory Weihs.
By Sam Unsted; [email protected]; @SamUAtAlliance
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