23rd Apr 2014 10:14
LONDON (Alliance News) - Creston PLC said Wednesday that it expects to meet full-year revenue and headline pretax profit consensus forecasts, as it saw an improved second-half.
The digital communications and marketing company expects to post revenue of GBP74.8 million for the year ended March 31, up from GBP75.2 million in the previous year.
During the second-half the company saw the benefits of new business wins, which boosted its performance ahead of the first-half and putting it in line with consensus expectations.
Creston will announce its full-year results June 11.
Non-executive Chairman David Grigson will be stepping down from Creston with effect from its annual general meeting September 8, said the firm. He will be succeeded by Richard Huntingford, who has been a non-executive on Creston's board since September 2011, and is Chairman of the Remuneration Committee.
Creston said it had begun the search for Huntingford's replacement in this role.
Shares in Creston were trading up 3.2% at 109.40 pence Wednesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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