Interim Results
Interim Results
14/09/2009
Asia Digital Holdings plc (AIM: ADH), the independent online marketing group, today announces its interim results for the six months to 30 June 2009.
Financial Highlights
- Revenue increase of 28% to £8.6 million for H1 2009 (£6.69 million in H1 2008)
- Gross Profit increase of 4% to £2.1 million for H1 2009 (£2.06 million in H1 2008)
- Operating Costs up 26% to £3.02 million for H1 2009 (£2.4 million in H1 2008)
- EBITDA* from operations showed a loss of £0.83 million, increased from £0.42 million in H1 2008
(Calculated as profit before interest, tax, amortisation, depreciation, share based payments and share of associated Group loss)
Commenting on the results, Adrian Moss, Chief Executive, said: "We are pleased to have delivered material growth in spite of the global economic environment and excited that this growth has been driven by our new Asian businesses. With the massive growth in Asian Internet users, and expected increase in regional digital advertising budgets we are confident that our growth will continue. Asia represented 35.3% of Group sales and 39% of the Group’s gross profit in H1 2009. Asia Digital is well positioned to capitalise on the many opportunities that lie ahead and deliver value for shareholders."
– Ends –
For further information, please contact:
Asia Digital Holdings plc |
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Adrian Moss, Chief Executive |
Tel: +65 6508 9202 |
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Daniel Stewart & Company plc |
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Paul Shackleton / Stewart Dickson |
Tel: +44 (0) 20 7776 6550 |
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Abchurch Communications |
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Heather Salmond / Nick Probert |
Tel: +44 (0) 20 7398 7715 |
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