Digitalbox encouraged by H1 performance
Digital media business Digitalbox said on Tuesday that it had delivered an "encouraging performance" in the six months ended 30 June despite the impact of Covid-19.
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As a result of its "strong operating margins", Digitalbox expects to report adjusted pre-tax profits ahead of management expectations and a doubled cash balance of £1.2m.
Revenues for the half were projected to be flat year-on-year at roughly £1.0m as a result of a sharp fall in value per session offsetting a "significantly" increased number of visits to its websites.
Chief executive James Carter said: "Our success in the first quarter positioned us to withstand the challenges presented by Covid-19.
"We remain cautiously optimistic about the second half of 2020 as big TV shows return to our screens, retail opens up again, and the economy returns to a more positive position."
As of 0955 BST, Digitalbox shares were up 4.35% at 6.0p.