Mission Group PLC - Devon-based creative and marketing technology agency - Says it has traded well during the first half of 2022, with performance being in line with expectations. For the six months ended June 30, the company expects to report revenue of GBP37.5 million, compared to GBP34.1 million the year before. Headline operating profit is to rise to GBP2.2 million, from GBP2.0 million. "Mission has a historic second half year weighting in profitability and remains on track to meet full year guidance," it notes. Says net bank debt amounts to GBP7.0 million as at June 30, compared to GBP10.3 million at December 31.
Chief Executive James Clifton says: "I am pleased to report a good performance in the first half, a continuation of the positive momentum achieved in 2021. Our Agency-first model has enabled us to be nimble and adaptable in a more challenging market. Our continued growth, despite an uncertain macroeconomic backdrop, further demonstrates Mission's resilience and strength."
Current stock price: 58.00 pence, up 3.6%
12-month change: down 21%
By Xindi Wei; xindiwei@alliancenews.com
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The Mission Group (TMG)