(Alliance News) - Centaur Media PLC on Wednesday reported it swung to a half-year profit as its Flagship 4 brands bring in more revenue.
Pretax profit in the half-year ended June 30 was GBP1.0 million versus a loss of GBP451,000 a year prior. Revenue rose 8% to GB19.8 million from GBP18.3 million, the London-based business information, events and marketing provider said.
Centaur declared a dividend of 0.5 pence per share, unchanged from a year ago.
Revenue growth was primarily driven by the firm's Flagship 4 brands, which are Econsultancy, MW Mini MBA, Influencer Intelligence and The Lawyer. The first three belong to the firm's Xeim portfolio, which grew by 9% to GBP16.1 million from GBP14.8 million while The Lawyer's half-year revenue climbed 6% to GBP3.7 million from GBP3.5 million.
The Flagship 4 brands represent 68% of the company's revenue, Centaur explained.
"We are positioning Centaur to deliver targeted connectivity with timely and deeper insight and are developing our learning and consultancy expertise in a market consistently characterised by change. These underlying trends and our focus on the Flagship 4 are driving our revenue and give us a platform for growth. Meanwhile, our resilient revenue streams and balance sheet strength will ensure that Centaur is well positioned to withstand any wider macroeconomic uncertainty," said Chief Executive Officer Swag Mukerji.
Centaur Media shares were unchanged at 45.00 pence each in London on Wednesday midday.
By Tom Budszus; tombudszus@alliancenews.com
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Centaur (CAU)