Dianomi H1 trading 'strong', interim revenues grow

Digital advertising firm Dianomi said on Tuesday that trading during the first half of the year was strong, putting it on track to perform in line with market expectations for the full year.

Dianomi expects first-half revenues to demonstrate "significant growth" year-on-year as a result of its continually expanding customer base.

The AIM-listed firm cited high levels of repeat revenue from existing customers, as well as a number of new advertisers and publishers within the financial services, business and lifestyle verticals going live on its platform, for its solid interim performance.

Dianomi also pointed to growth within its existing publisher and advertiser base, with an increase in revenues generated from a mix of longer-term and more recently added clients.

Cash balances of 30 June came to £7.8m.

Chief executive Rupert Hodson said: "The ongoing shift towards digital news increases the size of our market as advertisers' demand for digital advertising continues to grow at pace.

"We are very focused on continuing to grow the business and maximising its potential."

As of 0900 BST, Dianomi shares were down 0.31% at 325.0p.