30th Jun 2016 07:00
30th June 2016
Porta Communications Plc
("Porta", "the Group" or "the Company")
AGM Trading Statement
Porta Communications Plc, the AIM quoted international marketing and communications business, will make the following trading statement at the AGM.
After five months of the current year to 31st December 2016 underlying trading remains strong and fee income is running slightly ahead of this period last year. The run up to the UK Referendum and the subsequent outcome created and continues to cause uncertainty. Our geographically diversified businesses covering not only the UK but the Middle East, Far East and Australia are well placed in this context. Moreover the non-UK businesses will on consolidation be beneficiaries from the sharp drop in sterling.
Meanwhile we continue to build for future organic growth and our strategy to hire senior proven talent, particularly in the UK, remains in place.
Whilst the Board remain confident that our growth strategies will deliver results in the longer term forecasting the short-term outcome in all the current uncertainties would be unwise.
-Ends-
Enquiries
Porta Communications Plc
www.portacomms.com
David Wright, Chief Executive
Gene Golembiewski, Finance Director
+44 (0) 20 7680 6500
Allenby Capital Limited
Virginia Bull
Jeremy Porter
+44 (0) 20 3328 5656
Redleaf PR - Media Enquiries
Charlie Geller
Sam Modlin
+44 (0) 20 7382 4769
Notes to Editors:
Porta has two divisions:
• Communications - financial, corporate and consumer public relations, public affairs and research;
• Marketing & Advertising - multi-capability marketing, brand and creative communications.
The Group has offices in Aberdeen, Abu Dhabi, Beijing, Brisbane, Bristol, Canberra, Cardiff, Edinburgh, Hong Kong, London, Manchester, Melbourne, Singapore and Sydney.
The brands and companies it owns are: Newgate Communications, PPS Group, Redleaf Communications, Publicasity, 13 Communications, Newgate Sponsorship, 2112 Communications and Summit Marketing Services.
Porta Communications' corporate website is - www.portacomms.com
Related Shares:
PTCM.L