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Article: Velti set to ring in positive interim results
- Article from:
- The Independent (London, England)
- Article date:
- September 14, 2009
- Author:
CopyrightCopyright 2009 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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The Week Ahead
TODAY: Velti, the mobile phone marketing group, kicks off the
week's results with what analysts expect will be positive interim
results that will show a year of profit growth.
The company has benefited from new contracts with Vodafone and
Orange in the UK, as well as with several foreign operators. Other
new deals with Honda, Coca Cola and Colgate have persuaded analysts
and investors of Velti's long-term potential. The acquisition of
rival Ad Infuse in May forced the company to take out two medium-
term loans totalling roughly 10m, though it claims the success of
the venture should be visible in the results.
An analyst observed the company is very much on track and is ...