12th Feb 2014 10:42
LONDON (Alliance News) - Immedia Group PLC Wednesday said it expects profit for the year ended December 31, 2013 to be ahead of broker forecasts following a strong fourth quarter of trading, "particularly with advertising and production activities and audio equipment supplies in the lead up to Christmas".
The company, which is engaged in marketing and communication services through radio- and screen-based media, said it expects full-year revenue to be ahead of market expectations.
Immedia said it has benefited from cost cutting and restructuring undertaken in 2012.
The company said it remains "cautiously optimistic" regarding its outlook for 2014.
It plans to publish its full-year results towards the next of March.
The stock was trading at 16.25 pence Wednesday morning, down 2.62 pence or 19%.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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