Here's One to think about28 Sep 2007 11:00
Velti's SP just over the Pound when I first mentioned it last March '07. It streaked to over 240p by mid July this year. From there dipped. However, a recent rise is taking place and the recent news on 20 September 2007 says H1 pretax rises on surge in revenue, confident will meet FY targets.
LONDON (Thomson Financial) - Velti PLC said its first half pretax rose on higher revenues and added it is confident of meeting its full year financial targets.
The mobile marketing and advertising services provider said it sees the momentum of the first half continuing in the traditionally stronger second half.
For the six months ended June 30, pretax profit rose to 1.16 mln eur from 711,000 eur last year while revenue rose 83 pct to 7.4 mln eur.
The company said it has received a very positive response to the launch of Ansible, a joint venture with Interpublic, adding it sees good prospects for the joint venture to become a significant driver for the growth and profitability of the company in 2008 and beyond.