16th Jan 2020 08:54
(Alliance News) - 4imprint Group PLC on Thursday said it intends to continue its investment strategy following an increase in revenue and profit in its most recently ended financial year.
The FTSE 250-listed marketing company said it delivered further "encouraging" organic revenue growth during the second half of 2019, with revenue for the financial year to December 28 of USD860.8 million, an increase of 17% over 2018.
Meanwhile, underlying pretax profit - which excludes defined benefit pension charges and exceptional items - is expected to be at the upper end of the current market forecast range.
In its financial 2018, the company reported underlying pretax profit of USD45.6 million.
4imprint said it has retained a "strong" balance sheet, with a net cash balance at the end of 2019 of around USD41.0 million compared to USD27.5 million a year before.
"The board remains committed to its strategy of driving organic revenue growth through investment in marketing, people and the group's operational assets," 4imprint said in its statement Thursday.
The stock was trading 0.3% lower in London in morning dealings at 3,340.00 pence a share.
By Evelina Grecenko; [email protected]
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