XLMedia post full year pretax profit of $11.7m

Ory Weihs – CEO XL Media

XLMedia booked a full year pretax profit of $11.7m, from a profit of $7.9m for the period from its inception on April 22 to Dec. 31, 2012. For the year to end-December 2012, pretax profit was $13.5m.

Revenue increased 32% to $34.5m, from $26.1m for FY 2012. A maiden dividend of $0.02768 a share will be  payable on 12 June 2014 to shareholders on the register at 23 May 2014.

Chief Executive Ory Weihs commented on company performance””Our business has shown strong growth throughout 2013 during which time we generated record levels of revenue,The IPO has provided a positive catalyst for the Group, particularly strengthening our ability to identify acquisition targets and negotiate with potential sellers.”

Weihs said the business remained well placed to build on the growth experienced during 2013 as it looked to continue its growth ambitions and diversify its geographic spread. “We are delighted to be declaring a dividend in line with our 50% payment target. In view of our strong start to 2014, the Board remains confident of delivering further future growth.”

XLMedia floated in the London Alternative Market in February 2014. The company are specialists in generating igaming traffic through several online marketing verticals.  XL Media uses proprietary tools and methodologies to generate high value igaming traffic to its partners. XL Media claim to service over 120 igaming brands operating in more than 20 countries.

Check Also

SBC Digital Summit: “Affiliates must be more agile in the way they operate” – Stuart Simms

The current pandemic has highlighted the need for companies to become much more agile in …

XLMedia CEO Stuart Simms appointed to Board of Directors

Affiliate marketing publisher XLMedia has confirmed that its newly appointed CEO Stuart Simms has joined …

XLMedia confirms departure of Yehuda Dahan as CFO

London AIM-listed industry affiliate marketing publisher XLMedia Plc has confirmed that Yehuda Dahan has informed …