London AIM listed igaming marketing specialist XLMedia Plc has stated that it is “extremely confident” of hitting 2015 corporate targets as the firm reported a doubling in H1 2015 pretax profits of $13.2 million, up on $4.6million posted in 2014.
XLMedia reported that it had recorded an 85% revenue climb to $36.8 million from H1 2014’s $19.9 million. Corporate governance detailed that strong organic growth on marketing verticals combined with revenue and earnings boosts from corporate acquisitions had been the main drivers for its record interim performance.
The igaming marketing and acquisitions firm, was further able to reduce outgoing costs during the period, which had seen the full integration of its proprietary content management system, Placon.
Led by CEO Ory Weihs, XLMedia continues its growth strategy through corporate acquisition in 2015. H1 2015 saw XLMedia acquire Tel Aviv based web and mobile advertising publisher Marmar Media for $7.4 million. CEO Weihs commented that the company was devoted to continuing to improve its mobile capabilities through strategic investments in both technologies and in-house development
“We are delighted to report another record breaking six months. During the first six months of the year we continued to develop the business and invest in our main technology and mobile capabilities, which further underpin our key revenue and profit drivers,” said Chief Executive Officer Ory Weihs in a statement.
“We believe we have a set of strong foundations underpinning the growth potential of our business and we look to reporting on our continued progress,”