News blog
TMN Group
- BY: Andrew Hore |
- POSTED: 15/02/2008 |
Online marketing services provider TMN says that full year operating profits will be in line with expectations.
The operating profits for the year to April 2008 are on track even though turnover is likely to be 10% lower than expected. This reflects an improvement in operating margins.
TMN has completed the all-share acquisition of Internet Business Group and is starting to integrate the business. Management believes that there will be opportunities for cross-selling with AffiliateFuture, the online affiliate network.
TMN has also bought TAPPS, a manager of email databases in the Netherlands. It could use this as a base from which to launch some of its UK products and services.
The shares have risen 3.5p to 37p. This rise, and the issue of 21m shares for IBG, has taken TMN’s market value to £27.9m.
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