RESULTS > WEDNESDAY 3 SEPTEMBER > FIRST QUARTER - Marimedia (MARI:AIM) 160.0p

Israeli online advertising specialist Marimedia (MARI:AIM) is set to announce its maiden interim results on 3 September with investors looking for further detail on how the acquisition of Taptica will benefit the business.

The deal - completed for an estimated $11.6 million to $15.6 million - is being funded out of existing cash resources. Marimedia, which has technology that helps the publishers of websites secure advertising, joined AIM on 28 May, raising £29.8 million.

In a trading update on 9 July the company noted it was increasing the number of advertisers on its roster and signing up more publishers. Marimedia's operations extend to more than 40 countries and, in the first half of 2014, it delivered average monthly page impressions of approximately 65 billion. As a result, the company says it expects to report an increase in first-half revenues of at least 45% compared with the equivalent period in 2013. (TS)