Strong trading momentum continues at domain name and online marketing services provider CentralNic (LON: CNIC) and existing forecasts could be upgraded again later in the year if growth continues at current levels. A further boost to earnings is expected from a refinancing of the company’s bonds.
The growth is coming from the online marketing division where revenues jumped from $96.4m to $257.8m, although gross margin declined so there was a lower percentage increase in gross profit – although it did still more than double. There are no signs of a slow down. The domain name distribution an...
