Italian mobile content company Buongiorno released financial results for the first half of the year today, reporting that both revenues and operating profits are up in the six-month period, but cautioned that the economic climate may hurt results in the short term. The company did not break down results for the second quarter. Andrea Casalini, Buongiorno’s (BIT: BNG) CEO: “We believe that the mobile entertainment market will continue to offer significant long-term opportunities, despite the less buoyant short term outlook, resulting from our period of adjustment and macroeconomic conditions. Release.

During the year, Buongiorno increased its presence in new markets, such as South Africa, Australia and Argentina. In the first half, its biggest markets in terms of revenues were Iberia, the UK, Italy and the Mediterranean, France, the U.S., Latin America and Germany and Austria.

In the year’s first-half, the company reported revenues of $232 million (EUR 158 million), an increase of 84 percent compared to the prior year. The company reported that earnings before some expenses, or EBITDA, was $24 million (EUR 16.3 million), an increase of 96 percent compared to the year earlier. Operating profit was also up 74 percent, and the company implemented some cost savings goals that resulted in a savings in personnel costs. The company today confirmed the revised 2008 forecast it tweaked back in July. Buongiorno expects revenues for 2008 to be as much as $491 million (EUR 335 million) and EBITDA of up to $58.7 million (EUR 40 million).