16th Oct 2014 07:26
LONDON (Alliance News) - Events agency Aeorema Communications PLC Thursday raised its dividend and announced a special dividend as it saw pretax profit rise in the full year to end-June.
Aeorema proposed a dividend of 2 pence, up from 1.5 pence in the previous year, and a special dividend of 3 pence.
The company posted a pretax profit of GBP504,841, up from GBP358,864 in the previous year, as revenue rose to GBP4.8 million from GBP4.0 million. The company signed a number of deals during the year, including a three-year contract worth over GBP2 million with one of its existing technology clients.
It also won new roster positions with organisations in the financial services industry.
Aeorema is focusing on its five-year plan, and as part of this, it launched a new single brand 'Cheerful 21st' with a focus on live events. It has signed a new five-year lease on its West End office, which it said is large enough to support the organic growth of its business.
Following the year end, the company appointed Steve Garvey as its new chief executive. Garvey most recently served as commercial director at Stream UK Media Services Ltd, an online video streaming business.
Shares in Aeorema Communications are trading up 7.4% at 61.75 pence Thursday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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