- XLMedia expects to exceed current market expectations by delivering annual revenues of at least USD88.6m and adjusted EBITDA of at least USD28.2m. This represents growth of about 75% and 66% respectively, on the year.

The Group has continued to deliver strong growth in the second half of 2015, building on the excellent performance in the first half as well as the addition of Marmar Media acquired in July 2015.

During 2015 the Group has made continued progress on the execution of its strategic plan, benefitting from its increased scale, clients base and marketing channels. The Group has also seen further benefits through the increase in its geographic presence as well as from the successful integration of the acquired businesses.

The Group expects to continue with its strategy of increasing scale and diversification, while focusing on enhancing its technological edge. We will continue to invest in technology in 2016 to further develop our in-house systems and infrastructure.

The Board believes that the Group's strong growth, combined with its technological abilities, position the Company well to further develop the business. Accordingly, the Board remains confident of the Company's future prospects.

Story provided by