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Don't have an account? Click here to register.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
More News
19 Mar 2015 11:27
Cello Group fails to strike a chord despite strong results
Results from marketing group Cello Group hit a bum note with investors despite pleasing profits growth, a healthy hike in the dividend and a solid start made to 2015. Shares in the AIM-listed company fell despite chief executive Mark Scott hailing the improvement in fortunes as Cello became establis
Read more19 Sep 2014 15:40
17 Jul 2014 14:18
Sector movers: Media stocks get M&A boost as ITV surges
M&A activity and bid speculation gave UK-listed media stocks a boost on Thursday, with the sector topping the risers list in London this afternoon. British Sky Broadcasting, which is currently considering a giant European consolidation with acquisitions of Sky Italia and Sky Deutschland, has sold a
Read more18 Jun 2014 08:49
DIRECTOR DEALINGS: Cello Chief Executive Buys 10,000 Shares
LONDON (Alliance News) - Cello Group PLC Wednesday said Chief Executive Mark Scott bought 10,000 shares at a price of 87 pence per share Tuesday. Following this transaction, Scott holds 953,779 shares. Shares in the marketing company were up 1.7% at 87.50p Wednesday. By Arvind B
Read more3 Jun 2014 13:39
DIRECTOR DEALINGS: Cello Group Directors Buy Shares
LONDON (Alliance News) - Cello Group PLC Tuesday said Chief Executive Mark Scott bought 15,000 shares at a price of 87.4 pence per share. Following this transaction, Scott now holds 943,779 shares, which represents 1.1% stake in the firm. The company also said, Finance Director Mark B
Read more19 May 2014 07:55
Monday broker round-up UPDATE
Alent: Numis moves target price from 330p to 340p upgrading to add. AVEVA Group: Westhouse Securities initiates with a target price of 2260p and a buy recommendation. Bovis Homes Group: Deutsche Bank shifts target price from 1039p to 1042p and stays with its buy recommendation. Brown (N) Group: J
Read more13 May 2014 12:34
Cello Group Acquires iS Healthcare Dynamics For GBP2.5 Million
LONDON (Alliance News) - Marketing company Cello Group PLC Tuesday acquired healthcare communications company iS Healthcare Dynamics Ltd for GBP2.5 million, payable as GBP2.0 million in cash and 567,376 Cello shares. A further consideration of up to GBP3.3 million will be payable dependant
Read more13 May 2014 10:56
Cello Group acquires iS Healthcare Dynamics
Marketing firm Cello Group announced it has acquired healthcare communications agency iS Healthcare Dynamics for 2.5m pounds. The Edinburgh-based agency, which specialises in online marketing, has purchased the medical communications company in order to expand its healthcare division. The group wi
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