30th Jul 2015 09:27
LONDON (Alliance News) - Communisis PLC Thursday expressed confidence in its prospects for its full year and increased its interim dividend, as it posted a rise in pretax profit for its first half.
The customer communications services provider proposed an interim dividend of 0.73 pence, up from 0.67 pence a year before.
Communisis posted a pretax profit of GBP3.2 million for the half year to end-June, up from GBP2.9 million a year before, as revenue rose 3% to GBP174.6 million, up from GBP169.3 million a year before. On a constant currency basis revenue rose 6%.
Growth was driven by a strong performance from its Design segment, which was boosted by contributions from agencies it acquire during 2014 and early 2015, as well as a recovery in its data services business.
Communisis said that a shift towards higher margin services, as well as cost reduction and improved process in its Produce segment helped lead to a "substantial improvement" in its adjusted operating profit and margin.
"The growth momentum at Communisis continues, driven by our focus on enduring client relationships and higher margin services. Looking ahead, supported by a strong pipeline of opportunities, the board is confident about the group's prospects for the remainder of the year," said Chief Executive Officer Andy Blundell in a statement.
Shares in Communisis were up 3.0% at 51.50 pence Thursday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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