The board expects full year revenues will be approximately $31.3m (2008: $27.3m).

The firm said second half media business revenue was considerably higher on a year-over-year basis, led by record sales in the fourth quarter.

The company said it had completed the integration of the operations of Giant Realm, the vertical ad network business focused on video game and entertainment enthusiasts, acquired on 5 October.

Giant Realm's financial performance for the period from acquisition to the 2009 year end was broadly in line with the guidance given in the company's October statement announcing the acquisition with the business generating a small loss.

Net cash balances at 31 December were $5.7m (30 June 2009: $9.4m), reflecting the buyback of shares in September and the payment of the consideration for Giant Realm.

The company expects to announce its preliminary results for the year ended to the end of December on 7 April.

Story provided by Business Financial Newswire