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Pixel Interactive Media
- BY: Andrew Hore |
- POSTED: 14/08/2009 |
Online advertising company Pixel Interactive Media’s share price has been strong in recent days and it says that interim revenues will be in line with expectations.
The shares rose 1.75p to 14.75p each on the day. That is 81% higher than one week ago. Pixel is valued at £5.9m.
There will be a small loss in the six months to June 2009, against a profit of $1.17m last time. Revenues have declined in Beijing – which benefited from the Olympics last year – and Hong Kong, but the other offices have grown revenues. The restructuring of the Beijing office also affected revenues there.
Second half revenues are normally stronger and this is set to be the case again this year.
House broker Canaccord Adams forecasts a flat full year profit of $1.03m. That puts the shares on 12 times prospective 2009 earnings.
The interim figures will be published on 8 September.
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