26th Nov 2013 13:11
LONDON (Alliance News) - Marketing and print group St. Ives PLC said Tuesday it is well positioned for future growth as its new financial year has started well.
In the period from August 3 to date, revenues in its marketing services company were ahead of the previous year, St. Ives said, due to both contributions from recent acquisitions and on an organic basis.
In its print services division, revenues were down as the company exited commoditised print markets as part of its planned restructuring. Its remaining print businesses were performing well during the period, despite challenging trading conditions, St Ives said.
St Ives has completed the planned restructuring of the segment, and said it will now continue to invest in the remaining businesses.
The company issued its statement ahead of the company's annual general meeting Tuesday.
Shares in St Ives were trading up 1.25 pence at 182.00 pence Tuesday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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