Ebiquity returns to the black
Ebiquity, the media and marketing performance measurement business, has pleased its investors by returning to the black.
Ebiquity, the media and marketing performance measurement business, has pleased its investors by returning to the black.
Pre-tax profit for the year ended April 30th came in at £2.64m (2011: £1.78m loss) on revenues of £52.92m that were up 20% on the previous year's £44.17m, boosted by acquisitions in the Analytics business.
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With the Analytics division growing at 9.0%, offset by a marginal decline in the Platform division, total organic revenue grew by 1.0%.
The underlying operating profit margin improved from 12% to 16%, primarily because of the impact of the Xtreme acquisition synergies over a full year this time round.
Underlying diluted earnings per share were 7.40p (2011: 6.02p), an increase of 23% over the prior year, reflecting the positive impact of the acquisitions and the use of brought forward tax losses.
Net debt increased from £4.5m to £12.2m.
The share price rose 2.27% to 90p by 10:27.
NR
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