XLMedia PLC has announced a 2015 pre-tax profit of $24.3 million, up by 84% on 2014’s $13.2 million.
The London AIM listed industry marketing specialist recorded a revenue increase of 76% to $89 million from $50.7 million in 2014.
The acquisition in Tel Aviv-based web and mobile media company Marmar Media, is thought to be the main catalyst behind the company’s staggering growth.
However, XLMedia’s strategic plan is also thought to have contributed positively to the figures, with $42 million generated in cash from short-term investments.
With a view to maximize shareholder value, XLMedia is currently undertaking a strategic review. The review includes the potential sale of the company or a merger with another business. The results are yet to be announced.
Commenting on the company’s performance, Ory Weihs, CEO of XLMedia, said:
“We are extremely pleased to report another record-breaking year. During 2015 we continued to invest in our technology, systems and people, which are the key drivers for performance and future growth.
“We also made significant progress regarding acquisitions, and successfully diversified our business further.
“Over the last two years we have consistently reported strong financial performance, invested in organic growth opportunities, completed several successful earning-enhancing acquisitions and declared $21.25 million in dividends to shareholders.