LONDON (Alliance News) - Digital advertising platform provider Crossrider PLC on Thursday said it expects to post a rise in revenue for the first half of 2015 on the back of a good performance across the business.
Crossrider expects its revenue for the six months to the end of June to be around USD41 million, in line with its expectations and up around 52% year-on-year. The group expects earnings before interest, taxation, depreciation and amortisation in the half to be USD5.3 million to USD5.7 million.
Crossrider said its web business has continued to perform well in the half, with strong operating margins, and it also expects margin improvements in its mobile business.
The company anticipates meeting its expectations for the full year.
"Crossrider is at the technological forefront of the rapidly growing digital advertising marketplace. Our position as a leading platform for the mobile advertising sector is delivering organic growth for the group, which is reflected in the growth in margins we are seeing in mobile," said Koby Menachemi, Crossrider's chief executive.
This organic growth and continued investment in mobile has brought the group to its strongest ever position and the board is able to look to execute its acquisition strategy with confidence," he added.
Shares in Crossrider were up 0.6% to 87.00 pence on Thursday morning.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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