Mobile content and services provider Mobile Streams has launched services in Brazil, which should help to reduce its dependence on Argentina.
The company has also expanded in the US and Australia. The majority of cash continues to be held in Argentina but the company is trying to utilise cash flow from its operations in Mexico and Colombia.
At 72p a share, up 4.5p, Mobile Streams is valued at £26.5m.
The interim figures will be published in January 2014.
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