Date: Tuesday 31 May 2011
LONDON (ShareCast) - Cash flow has been better than anticipated in the first two quarters according to the online marketing group Asia Digital.
The China-focused company, which also operates in southeast Asia and India, said it has seen a healthy pipeline of new business as well as having three clients live.
Things have improved steadily in Singapore and in India, “despite an increasingly competitive environment the group has maintained stable profitability and is looking at further expansion of the local offering.”
The company also said that it has satisfied all contractual requirements from the disposal of its Australian operation, following which it has received the third payment of AU$500,000 (£325,000).