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Blinkx Reaches Adjusted Breakeven As Earnings Ahead Of Expectations

Thu, 14th Jan 2016 09:35

LONDON (Alliance News) - Internet media company Blinkx PLC on Thursday said trading in its third quarter to the end of December was in line with its expectations in what is seasonally its strongest quarter.

Blinkx was up 30% to 20.09 pence on the news.

The group said its core product sales continued to ramp up in the quarter and offset declines seen in its non-core product portfolio, while the group also continued to cut costs across the business.

Blinkx said thanks to the progress it made in the third quarter, profit for the period was ahead of its expectations, meaning it reached breakeven on an adjusted earnings before interest, taxation, depreciation and amortisation measure. The adjusted earnings number strips out one-off costs.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2016 Alliance News Limited. All Rights Reserved.

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15 Apr 2014 09:13

Blinkx Inks Video Deal With GrindMedia

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15 Apr 2014 07:50

UK MORNING BRIEFING: Aggreko Leads After Mixed Results

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3 Apr 2014 09:12

UK BROKER RATINGS: JPMorgan Raises Easyjet Price Target By 14%

LONDON (Alliance News) - The following UK shares received analyst recommendations Thursday morning:
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FTSE 100
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2 Apr 2014 11:53

Blinkx Launches Branded Content Hubs On Its Site

LONDON (Alliance News) - Blinkx PLC said Wednesday that it had launched new channels, called Branded Content Hubs, on its website which will show long and short videos from "respected networks, professional sports, studios and more." Advertising will be placed against videos on these channe

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2 Apr 2014 09:09

UK BROKER RATINGS: Canaccord Raises Weir Group Target To 3,000p

LONDON (Alliance News) - The following UK shares received analyst recommendations Wednesday morning:
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FTSE 100
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CANACCORD CUTS ABERDEEN ASSET MANAGEMENT TARGET TO 460

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2 Apr 2014 08:34

Blinkx announces launch of Branded Content Hubs

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31 Mar 2014 12:04

Blinkx Publishes Rebuttal To Blog Post, To Meet Full Year Expectations

LONDON (Alliance News) - Blinkx PLC Monday strongly refuted a blog post that questioned its business model, and confirmed that it expects to meet market expectations for the financial year ending Monday. The video search and advertising services company expects to report revenues between US

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31 Mar 2014 07:38

UK MORNING BRIEFING: Shares Open Higher; Polymetal Swings To Loss

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26 Mar 2014 14:05

DIRECTOR DEALINGS: Blinkx Senior Executives Exercise Options

LONDON (Alliance News) - Blinkx PLC Wednesday said President Suranga Chandratillake and Chief Executive Subhransu Mukherjee exercised options over 16,667 and 50,000 restricted stock units under the US Share Plan for Senior Executives, respectively, Friday. Following this transaction, Chandr

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14 Mar 2014 15:59

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14 Mar 2014 11:49

DIRECTOR DEALINGS: Blinkx Non-Executive Buys 20,000 Shares

LONDON (Alliance News) - Blinkx PLC Friday said non-executive Director Judy Vezmar bought 20,000 shares at a price of 102 pence per share Wednesday. The purchase represents Vezmar's only holding in the company. Shares in the internet media company were down 1.0% at 98.50 pence Friday.

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10 Mar 2014 12:09

DIRECTOR DEALINGS: Blinkx Non-Executive Buys Shares

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