18th Sep 2014 09:35
LONDON (Alliance News) - Digital communications company Jaywing PLC Thursday said it is trading in line with expectations and appointed a new Chairman.
The company said its trading in the year-to-date has been in line with expectations and said its longer-term prospects appear strong following the recent restructuring of the company.
In the year to March 31, the group swung to a loss as its results were hit by acquisition costs. The company bought Epiphany Solutions for GBP12 million in order to boost its search marketing capabilities, and also sold e-commerce integration arm Tryzens for GBP6 million due to a lack of cross-selling opportunities for the unit with the rest of its operations.
It also said Ian Robinson will become the new chairman of the company, effective following its annual general meeting Thursday. Stephen Davidson, who had been the acting chairman of the company, becomes deputy chairman.
Jaywing shares were untraded on Thursday, quoted at 28 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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