Digitalbox PLC - digital media business - Reports revenue growth to GBP983,000 for the six months to the end of June from GBP712,000 a year earlier, with pretax loss narrowing to GBP102,000 from GBP713,000. Administrative expenses were reduced to GBP818,000 from GBP1.1 million year-on-year. Digitalbox said growth in traffic and revenue in the first quarter helped to alleviate the impact of Covid-19 in the second quarter. "We quickly adapted to deal with the new environment, and our content teams made a seamless switch to homeworking. Running a primarily automated commercial operation through programmatic and header bidding solutions has enabled us to continue the trading of our inventory without disruption," explained Chief Executive James Carter.
Current stock price: 5.60 pence
Year-to-date change: down 16%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Digitalbox (DBOX)