Mobile content supplier Mobile Streams says that trading is ahead of expectations with a particularly strong March.
On top of this there are one-off revenues of £1.7m, which will yield an additional £586,000 profit. These revenues will be spread across the financial year to June 2012. This mainly relates to bonus payments from network operators in Argentina and adjustments to the originally reported revenues.
There was £746,000 in the bank at the end of 2011 and this rose to 31.25m in March. Three-quarters of the cash is in Argentina where there are currency controls.
At 16.5p a share, up 1.5p, Mobile Streams is valued at £6m.
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