News blog
Asia Digital Holdings
- BY: Andrew Hore |
- POSTED: 26/02/2010 |
Asia Digital Holdings says that it returned to profit in the fourth quarter of 2009.
This is a quarterly profit at the EBITDA level but, even so, the performance was better than expected. The Asia-focused online advertising and marketing services provider
The Asian online market continues to grow strongly. The Asian operations broke even in the fourth quarter and Australia started to recover. There were also cost savings.
At 0.53p a share, up 0.03p a share, Asia Digital is valued at £3.72m. Last autumn, the company is raised £1.275m via a placing at 0.5p a share. This was used to pay off creditors.
The 2009 figures will be published on 27 April.
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