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Cello hikes dividend after fruitful second half

Wed, 13th Mar 2013 08:25

Marketing firm Cello Group said after a challenging first half, it recovered strongly in the second half, as it looks forward to further progress in the current year.Gross profit rose 7.2% to £65.1m for the year to December 31st 2012 with like-for-like gross profit up 2.6% despite the challenging first half.Headline operating profit fell to £7.7m from £7.8m while headline pre-tax profits slipped to £7.0m from £7.1m. Chief executive Mark Scott said: "2012 has seen the group continue to grow its pharmaceutical expertise in the UK and overseas markets. The recent acquisition of Mash Health, combined with centralised new business activity and further organic investment, will continue this progress into 2013." "We are confident that both these factors will combine to deliver a successful 2013 performance and as an indicator of that confidence we have raised the dividend by 16.3%, the sixth successive year of dividend growth."Cello said momentum is continuing in the early stages of the current year.The group has proposed a full year dividend of 2.0p per share compared to 1.72p last time.CJ
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16 Mar 2010 14:49

London afternoon: G4S locked out of market rally

The Footsie stopped just short of dipping into negative territory over the lunchtime session before buyers moved back in just before 2pm. Banks and miners continue to provide many of the bright spots, with the latter benefitting from higher metal prices. In banking, Royal Bank of Scotland is want

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16 Mar 2010 12:03

London midday: Early gains trimmed

The FTSE 100 was clinging on to positive territory at the start of the lunchtime session after share prices went into a late morning swoon. Banks and miners continue to provide most of the bright spots, with the latter benefitting from higher metal prices. In banking, Royal Bank of Scotland is wa

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16 Mar 2010 09:05

Cello profit shrinks, ups divi

Shares in marketing services group Cello surged 9% as it said 2009 profit fell as clients cut spending but trading since the start of 2010 has been good. Headline pre-tax profit fell to £5.1m for the year to 31 December 2009 from £7.3m the year before. Revenue from continuing operations dropped 8%

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19 Jan 2010 08:44

Cello says activity picking up, remains cautious

Cello, a marketing services group, said it is seeing refreshed levels of spend across its major research clients but remains cautious about the current outlook. Shares in the group rose nearly 2%. "Whilst the board remains realistically cautious about the current outlook and it is too early to give

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15 Sep 2009 13:52

Small caps round-up: China Shoto, Resources in Insurance, Cello...

Continued growth in the Chinese economy despite the global downturn helped China Shoto, which makes batteries for mobile phones, post a 41% rise in revenues in the half year to June 30. Pre-tax profits climbed to £6.4m from £4.4m over the same period the previous year as revenue rose to £96.5m from

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3 Jul 2009 07:50

Cello cuts costs to offset slowdown

A slowdown at its qualitative research business has prompted Cello to caution like for like gross profits are down by around 10% year on year, with operating margins also squeezed. The market research group has cut costs to offset the downturn. Like for like professional costs have been reduced by

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