LONDON (Thomson Financial) - Deal Group Media Plc. said its first half
pretax loss narrowed to 743,000 pounds from a loss of 810,000 pounds last year
as revenues rose 72 percent to 6.69 million pounds.
It said the group is currently trading slightly below EBITDA positive, but
added the strong performance from Australia helped drive the group into positive
EBITDA for the last two months of the second quarter.
It said although its new operations are yet to deliver consistent positive
contribution, the Indian operations, launched in the second quarter of 2007,
have produced a consistently positive contribution since the end of the first
quarter 2008.
The online marketing group expects the new Asia Pacific businesses to
account for the majority of trading performance in the remainder of this year
and 2009.
Chief executive Adrian Moss said: "We are delighted with our achievements in
Asia, to date ... We look forward to the future with confidence."
tf.TFN-Europe_newsdesk@thomsonreuters.com
ypv/ind/cmr
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