News blog
Independent Media Distribution
- BY: Andrew Hore |
- POSTED: 16/07/2008 |
- COMMENTS: Add yours
Independent Media Distribution is thriving despite the tough advertising market.
The online distributor of adverts and data says that its first half revenues will be 14% higher and profits at least 30% ahead. This is being achieved even though investment is being made in new markets in Europe.
The UK is trading strongly but IMD strikes a cautious note by saying that future demand can’t be calculated from current trading.
The shares have been declining since the AGM statement and this latest news added 1.5p to the shares taking them to 37p. IMD is valued at £12.6m.
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