XLMedia PLC (AIM:XLM, FRA:7X3) (LON:XLM) CEO Stuart Simms and CFO Roman Rowan Ellis join Proactive London's Katie Pilbeam to discuss their forecasts this year after first-half revenues rose by 16%.
Sales in the six months to June rose to US$32.2mln from US$27.7mln while underlying profits rose to US$6.6mln from US$5.1mln.
XL also announced the acquisition of BlueClaw for £1.8mln cash (about 1.5 times sales) of which £0.6mln will be payable on completion, a stage payment next year of £0.6mln and an earn-out.