XLMedia post full year pretax profit of $11.7m

oryweihs
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.

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