(Alliance News) - Live events agency Aeorema Communications PLC said on Thursday it expects profit for the full-year to be ahead of market expectations.
For the year ended June 30, the company anticipates a pretax profit of GBP350,000 which would be six-times larger than 2018's GBP58,293.
Aeorema expects revenue to grow nearly 40% year-on-year to almost GBP6.7 million from GBP4.8 million.
Aeorema said it "maintains a strong cash position" and will pay a dividend for the full year, the amount subject to its annual results. For the last financial year, its dividend rose 50% to 0.75 pence per share.
Shares in the company were up 9.6% at 28.50 pence each in London on Thursday morning.
Aeorema expects to publish its annual results in November.
Aeorema Comm. (AEO)