Pixel Interactive Media (AIM: PIXL), Asia’s leading online advertising sales network, today announces its Interim Results for the six months ended 30 June 2006.
Financial highlights
- Successful AIM flotation on 10 July with Interim Results in line with IPO expectations
- Turnover increased 38% to US$3.26 million (2005 US$2.36 million)
- Profit before tax up 48% to US$0.46 million (2005 US$0.31 million)
- Earnings per share 1.39 USD cents
- Operating margin at 14.1% (2005: 13.2%)
Operational highlights
- New publishers signed including Cityline.com, Hong Kong’s leading Entertainment site and Sohu.com, China’s number one internet portal
- 50 new contracts with advertisers secured including Credit Suisse, AVAYA, Amway, Johnson & Johnson, Computer Associates, Sime Darby Motors, Japan Airlines
- Maintained position as market leader in Hong Kong, Singapore and Malaysia and well placed for further penetration into fast growing Asia Pacific markets, with a focus on China and Taiwan
- Strengthened management team including Sales, Business Development, and Finance new positions
Commenting on the results, Kevin Huang, CEO of Pixel Interactive Media Ltd, said: Following the successful IPO, we are pleased to report our maiden Interim Results which are in line with expectations. Pixel continues to maintain a leading market position in the Asia Pacific region and our focus is to deliver return on investment through measurable online marketing for advertisers whilst increasing the number of relationships we have with leading publishers. We remain excited about leveraging this success with the proceeds of the IPO to expand our presence in the Chinese and Taiwanese markets which offer excellent opportunities with online advertising continuing to show strong growth.