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IN BRIEF: Mission Group revenue up; positive outlook

Thu, 28th Mar 2024 20:11

Mission Group PLC - Devon, England-based owner of a group of digital marketing and communications agencies - Revenue in 2023 climbs to GBP86.3 million from GP79.6 million a year earlier. Looking ahead, Mission Group says trading has started well and in line with expectations. Headline pretax profit falls to GBP4.2 million from GBP7.9 million. Swings to reported pretax loss of GBP10.9 million from a profit GBP3.7 million.

Non-Executive Chair David Morgan comments: "The difficulties encountered in 2023 as a result of the challenging trading backdrop have been well recorded. Nevertheless the year has still seen the group continue to grow revenues with strong client retention and strategic new business wins."

Current stock price: 21.90 pence, closed up 0.7% in London on Thursday

12-month change: down 60%

By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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