18th Apr 2016 06:59
LONDON (Alliance News) - Marketing communications group Creston PLC Monday said it expects to report results for its recently ended financial year in line with expectations and its previous guidance.
In January, the company said it expected revenue in the year to end-March to be up around 8.0% but said its headline pretax profit, which strips out property-related costs, start-up net losses, acquisition costs and restructuring costs, will be slightly lower than the GBP9.9 million it posted a year earlier and will likely include a goodwill impairment charge.
This was as a result of weaker revenue growth in its fourth quarter due to project delays with customers.
Creston said Monday that its net cash will be ahead of expectations at over GBP1 million for the year.
"We have ended the year in line with consensus expectations. The actions we have taken since our January update to the market, plus a more stable outlook for our clients, continue to develop our strong foundation for future growth," said Chief Executive Barrie Brien in a statement.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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