RE: Half Year Results31 Jul 2019 08:43
9% increase in revenue to £10.1 million for the period (H1 2018: £9.3 million), driven by growth in fee based services primarily from APAC branded content
• Advertising revenue impacted by de-monetisation of Facebook pages and adaptation to Facebook’s new policies
• Gross profit has increased in absolute terms by 15% to £3.4 million (H1 2018: £2.9 million) as a result of the increase in revenue and margin mix
• Adjusted EBITDA* of £247,000 for the period (H1 2018: £79,000)