StockMarketWire.com - XLMedia, a provider of digital performance marketing services, said its first-half profit slipped amid challenging conditions in the gambling sector.

Pre-tax profit fell 14% to $16.8m, as revenue fell 13% to $59.1m.

The company cut its interim dividend to 3.0040 cents per share, down from 4.0226 cents on-year.

'The group produced a solid profit performance in the first half, albeit against a backdrop of regulatory pressures and challenging market conditions in the online gambling sector,' chief executive Ory Weihs said.

'However, we are now seeing positive signals and expect to meet profit expectations for the full year.'

At 8:31am: [LON:XLM] XLMedia Plc share price was -1.5p at 104.5p



Story provided by StockMarketWire.com