Dianomi PLC - London-based digital advertising platform - Swings to annual profit of GBP1.1 million in 2022, from a loss of GBP618,000 in 2021. Revenue is almost flat at GBP35.9 million compared to GBP35.8 million. Administrative expenses fell to GBP9.0 million from GBP10.3 million, amid no initial public offering costs compared to GBP637,000. Cost of sales increase to GBP26.1 million from GBP25.5 million. Looking ahead, says company is in an "optimal position to benefit from a return of confidence among advertisers," with 2023 starting in line with own expectations.
Chief Executive Officer Rupert Hodson says: "We are entering a new chapter for Dianomi given recent management changes which has led to new talent joining the company providing fresh impetus across the business. Our pipeline of new prospects is good and we continue to enjoy a strong balance sheet which underpins our ability to invest in strategic opportunities as they arise."
Current stock price: 87.00 pence each, up 2.4% on Thursday
12-month change: down 70%
By Tom Budszus, Alliance News reporter
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Dianomi (DNM)