H1FY2019 Unaudited Results Update
Pureprofile Limited (ASX: PPL or the Company) provides an update to its H1FY2019 results (unaudited) ahead of the release of its Appendix 4D and half-year results.
Commentary
- The focus on growth in the UK market continues to see success with revenue up 16% compared to H2FY2018.
- The decrease in gross margin was impacted by the mix of lower margin revenues generated by the media trading business, which was sold at the end of October 2018.
- Following the sale of the media trading business, the gross margin increased in November 2018 to 51% and in December 2018 to 53%. It is expected that these margin levels will be maintained.
- The Company continues to focus on growing its core businesses whilst looking to minimise the impact of its weaker-performing business units.
- The Company’s Appendix 4D and half-year results are expected to be released towards the end of February 2019.
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