24 September 2015 – interim results
In the six months to 30 June, the marketing communications and advertising group has reported a 12% increase in revenues to £29.5m (2014: £26.3m) whilst adjusted pre-tax profits rose 20% to £2.2m (2014: £1.8m). Diluted earnings per share on the same basis were up 12% to 1.88p (2014: 1.68p) and the interim dividend was raised to 0.30p (2015: 0.25p). These results benefited from organic growth as well as growth by acquisition and there were some good client wins in the period including British Airways, Diageo and RAC. Net bank debt fell during the period by £1.5m to £7.9m and the full year result is again expected to have a second half bias. The shares remain a BUY.