3rd Feb 2014 08:59
LONDON (Alliance News) - Creston PLC said Monday that it was "comfortable" its full-year results would be in line with market expectations, as it saw improvements in its revenue and headline profit before finance income, finance costs and taxation in the third quarter ended December 31, 2013.
The marketing and communications company said growth in headline PBIT had been driven by an improvement in operating margin, as well as revenues rising 1% compared to the previous year.
Like-for-like revenue for the quarter declined 1%, Creston said, an improvement compared to the first half, helped by new business wins. The company saw contract wins with Virgin Trains and Unilever PLC.
Creston said it was cautious of volatility in some of its client's marketing budgets, but had been reassured by a recent IPA Bellwether report which gave a positive outlook for marketing spend.
Creston said it expects further revenue and headline PBIT growth in its final quarter.
Shares in Creston were trading up 0.8% at 95.00 pence Monday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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