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  5. Aeorema Communications Profit To Fall As Cannes Lions Gets Postponed

Pin to quick picksAeorema Comm. Share News (AEO)

Aeorema Comm. Information

Share Price Information for Aeorema Comm. (AEO)

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Share Price: 64.00
Bid: 61.00
Ask: 67.00
Change: 1.50 (2.40%)
Spread: 6.00 (9.836%)
Open: 62.50
High: 64.00
Low: 62.50
Prev. Close: 62.50
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Aeorema Communications Profit To Fall As Cannes Lions Gets Postponed

Thu, 19th Mar 2020 18:06

(Alliance News) - Live events operator Aeorema Communications PLC on Thursday lowered its profit forecast following the postponement of the Cannes Lions advertising festival.

Cannes Lions will now take place from 26 to 30 October instead of June and the organisers have said that all passes, sponsorship arrangements and bookings will roll over and remain valid.

As a result of the postponement, Aeorema anticipates that will make a pretax loss for financial 2020 of between GBP150,000 and GBP250,000. For financial 2019, Aeorema posted pretax profit of GBP375,010.

The company added that it remains confident that the revenue and profit from postponed events will now fall into the financial year ending June 30, 2021.

The stock closed down 2.9% at 17.00 pence on Thursday.

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Aeorema Communications Wins GBP2 Million Contract

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18 Feb 2014 07:46

Tuesday broker round-up UPDATE

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UK MIDDAY BRIEFING: RSA Insurance Buoyed By Ex-RBS Boss Appointment

LONDON (Alliance News) - The FTSE 100 is on the verge of snapping a five day losing streak Wednesday, led higher by the likes of RSA Insurance Group, which unveiled its new chief executive, and GlaxoSmithKline, which has just reported strong results.
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5 Feb 2014 11:41

UK WINNERS & LOSERS: Hargreaves Lansdown Warns On Low Interest Rates

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.

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Aeorema Communications Interim Pretax Profit Almost Doubles

LONDON (Alliance News) - Aeorema Communications PLC Wednesday saw pretax profit almost double in the half year ended December 31, 2013. The events and communications company posted a pretax profit of GBP225,941, almost doubled from GBP114,460 from the previous year. Revenue rose to GBP1.8 m

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