StockMarketWire.com - Taptica has materially improved its FY pretax profit and revenue, and bumped its total dividend up, too.

"This year we have significantly increased revenue, improved margins and remained highly cash generative," said CEO Hagai Tal.

"We increased the number of advertisers on mobile to over 600, which included household names such as Amazon, Disney, Expedia. Cartoon Network and others. We have also established strong foundations in the Asia-Pacific region, which is a key growth market."

Pretax profit was $19.6m, from $2.8m. Revenue was $125.9m, from $75.8m. Total dividend was $0.1011 a share, from $0.00784.

"Taptica entered 2017 at a run rate significantly higher than at the equivalent period last year as it continues to benefit from the investment being made into mobile advertising by corporates and advertising agencies," said Tal in a statement.

He said the strength of the company's offer lay in its proprietary platform and ability to collect accurate data which enabled it to deliver efficient and effective campaigns, which the company would continue to do for all its clients.

"With consumers continuing to increase their use of apps and accessing the internet on their mobile most of the time, we anticipate existing clients growing their ad spend with Taptica as well as new advertisers entering this market," he added.

"We also expect to receive increasing demand from the Asia-Pacific region with demand from US and Europe set to continue. As a result, the Board remains confident of delivering strong year-on-year revenue growth in the year ahead."






At 9:18am: [LON:TAP] Taptica International Ltd share price was 0p at 292.5p



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