- XLMedia (XLM) has improved its H1 pretax profit to $15.8m, from a profit of $13.2m, with revenues surging ahead to $51.2m, from $36.8m.

CEO Ory Weihs commented:

"We are proud to report another great six months of trading for the Group. During the first six months of the year we continued to develop the business and invest in our technology platform and mobile capabilities, which further underpin our key revenue and profit drivers.

"Dauup (EDM), was named Facebook Marketing Partner for ad technology, an important step which further strengthens our position and technological competitive advantage.

"We recently established a US subsidiary which will lead the Group's development in this important territory, with a key focus being mobile applications marketing. US mobile advertising growth is accelerating, and presence in this important territory will drive our growth in mobile apps and additional verticals.

"We believe we have established a strong foundation which, combined with our technology investments, we expect will drive the business to maximise the growth opportunity we see across our markets. We look forward to reporting on our continued progress."

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