Investors sent shares in XLMedia (XLM) up 8 per cent after management said it expects to exceed market expectations for 2015. It estimates that the gambling-focused digital marketer grew sales by at least three-quarters to $88.6m (£61.9m) in 2015, driving adjusted cash profit up around two-thirds to $28.2m.
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XLMedia's directors attributed the outperformance to greater scale as well as more clients and marketing channels. The group also benefited from international expansion and the acquisition of Marmar Media, a web and mobile marketer acquired in the summer.
Broker Cenkos expects full-year EPS of 10.6¢, rising to 11.3¢ in 2016.
