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Don't have an account? Click here to register.Mission Marketing 'frabjously optimistic' as profits and revenues rise
Wed, 19th Sep 2018 09:24
(Sharecast News) - Advertising agency Mission Marketing saw its share price jump on Wednesday after the firm reported increases to profits and revenues in the wake of its acquisition of Krow Communications.For the six-month period ended 30 June, the firm's revenue increased by 10% to £37m, with Krow contributing £1.6m, while Mission's profit before tax jumped by 23% to £3.5m, leading the outfit to hike its interim dividend by 27% to 0.70p per share.Krow, acquired for £8.3m in April, is a London-based agency with clients such as DFS, Ferrero, Fiat and RNLI, and will be used by Mission Marketing to assist with its integrated agencies business unit.Elsewhere, the three start-ups launched by Mission within the last three years have all now moved into profit and the company has strengthened its foothold in China after expanding its April Six Technology Agency to Beijing in May.The AIM traded company had cash and cash equivalents of £6.1m at 30 June, up from £5.1m at the same point last year.Chairman David Morgan said it was a strong start to the year and that Krow was "trading well"."We continue to identify opportunities to make efficiency improvements from our shared services initiative and are confident that not only will we deliver against 2018 forecasts but remain frabjously optimistic about our long-term prospects," he said.Mission Marketing's shares were up 10.80% at 55.40p at 1628 BST.
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Mission Marketing pleased with progress
(Sharecast News) - Communications and advertising outfit Mission Marketing anticipates profits and revenues to have moved ahead in its last trading year.
Read more23 Jul 2018 09:54
Mission Marketing expects double-digit growth from half-year results
(Sharecast News) - Technology-based marketing communications and advertising group Mission Marketing on Monday said it expected to report strong double-digit growth in headline profit before tax for the first half of 2018.
Read more18 Nov 2016 12:33
Mission Marketing collects slew of Drum Cream Awards
(ShareCast News) - Marketing communications and advertising company The Mission Marketing Group announced on Friday that two of its agencies, bigdog and Chapter, collectively scooped a record 17 wins at The Drum Cream Awards held on 16 November. The AIM-traded firm said bigdog secured the coveted Gr
Read more22 Sep 2016 08:52
Mission Marketing hikes interim dividend after acquisition boost
(ShareCast News) - Mission Marketing, the marketing communications and advertising group, announces a rise in earnings after further acquisitions in the first half. The company's acquisitions from the previous period, Chapter and Echo have been trading well and have strengthened the firm's global ca
Read more21 Jul 2016 15:16
Mission Marketing expects double digit growth in first half
(ShareCast News) - Mission Marketing Group, a marketing communications and advertising company, on Thursday issued a positive trading update for the first half. The board expects double digit growth in both revenue and profit in the first half compared to the previous year for the same period ending
Read more15 Mar 2016 16:15