Mobile content specialist Mobile Streams (LON:MOS) expects underlying earnings (EBITDA) to meet market expectations for the year to end June, while it continues its bid to grow services in emerging markets.
Revenues for the year are expected to be around £30mln while cash at end period is earmarked at £2.9mln, with no debt. It continues to focus on Brazil, India and Nigeria.
The firm has faced problems in its main market of Argentina since the sudden Peso devaluation in January 2014 and it has sought to stablise this by reducing local advertising and marketing costs to help preserve profits and cash.
Argentina revenues fell 12% to 288mln Argentine Pesos for the nine months to March 2015 compared to 324 million in the same period for 2014.
Revenues for the last nine months were around £24.5mln compared to £38m for the same period in 2014.
Simon Buckingham, chief executive, said: "The recent focus has been on Brazil, India and Nigeria. In Brazil, the company's subscriber base has passed 50,000 active subscribers for the first time."
In India, he said, the firm was in the process of setting up a local subsidiary company so it can execute a number of direct billing contracts with some of the country's largest mobile network operators so that it can launch its mobile internet subscription services.
"The company has been seeking to secure billing connectivity in Nigeria so that it can launch its services in that large market too," he said.
"The company remains excited by the opportunities it has in all its emerging markets from Latin America to India to Africa. Further updates will be issued in July after the close of the financial year."