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Aeorema Communications To Report Profit In Line With Market Views

Thu, 16th May 2019 12:49

LONDON (Alliance News) - Aeorema Communications PLC on Thursday said "strong trading" will result in the company reporting annual profit in line with market expectations.

"Aeorema has seen strong trading in the second half of the reporting period to date, with record revenues generated that will exceed those expected by the market," the live events agency said.

It added: "In this difficult trading environment, the company is pleased to have secured business wins with both new and existing clients, including a three-year contract with a global media company."

The new business wins, Aeorema continued, have contributed to a better second half compared to the first and underpin the firm's confidence in its full-year results.

The company is in a "strong cash position", Aeorema added, and it intends to pay a full-year dividend.

For the year that ended June 30, 2018, Aeorema posted revenue of GBP4.8 million and pretax profit of GBP58,685. It paid a dividend of 0.75 pence.

Aeorema shares were trading 5.6% at 27.97 pence each.

By Elena Cherubini;

Copyright 2019 Alliance News Limited. All Rights Reserved.

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