LONDON (Alliance News) - Cello Group PLC Wednesday hiked its interim dividend by 10% to 0.64 pence from 0.58 pence, after the company saw increased profits and revenues in its recent half following the refocus of its business.
For the half year ended June 30, the marketing group posted a pretax profit of GBP1.8 million, up from GBP1.6 million in the previous year. Revenues increased to GBP71.5 million from GBP62.6 million. The company's Cello Health division saw a gross profit of GBP17.3 million, up from GBP16.4 million. Cello Consumer increased its gross profit to GBP16.7 million from GBP15.0 million.
Cello Group said that it had performed strongly in the first half of the year, and had delivered the recovery it had anticipated after the refocus of its business. New offices have opened in Chicago, Los Angeles and Hong Kong as part of its efforts to increase its international footprint.
The company said that the robust trading it had experienced in the first half of the year had continued, and as a result it was confident it would meet full year expectations.
Cello shares were trading down 0.25 pence at 68.25p Wednesday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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