Blinkx – 86.875p

24 April 2013 – year end trading update

Blinkx have put in a very strong trading update for the year to 31 March 2013. ┬áRevenues are expected to be around $196 million, ahead of the previously upgraded range of $180 to $185 million, an increase of 71% from the year to 31 March 2012. Profit before tax is also forecast to have risen from $1.9m for the year to 31 March 2012 to $15m. This out performance has been driven by the strong growth in online advertising and video advertising in-particular and the successful integration of acquisitions which have broadened Blinkx’s offering. This is an exciting growth story. BUY

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