30 Oct ASX ANNOUNCEMENT: Pureprofile Q1 FY2019 Update
Pureprofile Limited (ASX: PPL or the Company) is pleased to provide the following update for Q1 FY2019.
Q1FY2019 revenue was $12.9m, up 5.6% on the prior quarter. The growth was primarily attributable to the Data & Insights and Media business units, which grew strongly on prior comparable period (29% and 19% respectively).
The reduction to the Company’s cost base, which was undertaken in FY2018, continues to have a significant impact with positive EBITDA for a second consecutive quarter.
New client wins
The Company is pleased to report new projects have been commissioned in the US with Georgia-Pacific, one of the world’s largest manufacturers and distributors of paper products, and through expansion of its relationship with global research agency, House of Brand. In Australia, the Company has also been commissioned by Medibank and Qantas Loyalty to provide on-going market research services.
Sale of media trading business
As disclosed to the ASX on 4 October 2018, the Company entered into a binding agreement to sell its media trading business (which forms part of its Media business unit) to SM1 Global Pty Ltd. The sale will complete on 31 October 2018.
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