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LONDON (Alliance News) - XLMedia PLC on Wednesday said trading has been in line with management expectations, as it focuses on making further acquisitions.
In his annual general meeting statement, Chair Chris Bell said: "The business continues to trade in line with management expectations with our focus firmly on increasing the group's exposure to higher-margin publishing activities."
He added: "We also continue to evaluate selective publishing acquisition opportunities, which could potentially accelerate earnings growth. We appreciate the ongoing support of our shareholders and remain focused on delivering on our full-year numbers for 2019."
Furthermore, the company said it intends to continued with the share buyback programme it initiated in December, as well as maintain a progressive dividend policy.
Shares in the provider of digital marketing services were trading up 3.1% at 52.60 pence each on Wednesday.
