Ebiquity (LON:EBQ) reported a double digit rise in underlying profits at the halfway stage as the market specialist said it was on course to meet expectations for full financial year.
The company, which formally appointed Michael Karg to the role of chief executive, replacing Michael Greenlees, said pre-tax profits grew 17% to £4.2mln at constant currencies.
Total revenue was £36.6mln, up 5%, while the firm generated £4.3mln of cash.
A dividend will be proposed when the final results are unveiled in March.
The marketing performance optimisation arm of Ebiquity reported a 38% spike in revenues, while renewals for the market intelligence business stood at 96%. Its media value measurement operation saw an increase in client engagements.
“Looking ahead, we continue to trade well and we expect to meet management's expectations for the twelve months,” said Greenlees.
“We believe our appointment as an advisor to the American Association of National Advertisers on market transparency represents a clear sign of our company's reputation, and recognition of the growing importance advertisers' place on leveraging their data assets to produce better results.”