LONDON (Alliance News) - Taptica International Ltd on Thursday said it ended 2018 in line with board's expectations.
At the end of 2018, the advertising company had net cash of USD54.4 million, higher compared to USD42.1 million on June 30.
Furthermore, the company confirmed that it remains in talks with a potential acquisition target.
At the beginning of January, Taptica suspended its share buyback programme after entering discussions with the unnamed target.
These discussions however, are just preliminary and "there can be no certainty that any transaction will follow".
Taptica said that the buyback programme will recommence if the acquisition talks are terminated, provided it is not in a close period for a different reason.
The company will post its 2018 results on March 26.
Taptica shares were trading up 3.5% at 180.00 pence each.