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Asia Digital Holdings
- BY: Andrew Hore |
- POSTED: 17/08/2009 |
- COMMENTS: Add yours
Online advertising organiser Asia Digital Holdings says that it expects to produce monthly profits at the EBITDA level before the end of 2009.
ADH, which was formerly known as Deal Group Media, is losing money at the moment but the growth in Asia will help to grow revenues to the level where it will be profitable.
Asia accounts for nearly two-fifths of gross profits and this contribution will increase. The more mature Australian business has found first half trading tough. Cost cutting will help improve the performance of the group.
The shares perked up 0.05p to 0.53p each, which values ADH at £2.39m. The share price is still one-third lower than six months ago.
Interim results for the six months to June 2009 will be published on 29 September.
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