Motivcom significantly ahead

Marketing services group Motivcom expects full year results to be significantly ahead of the expectations it held at the start of the year, after a strong first half. Although revenue in the six months to 30 June dipped slightly to £47.3m from £49.0m the year before, profit before tax jumped to £2.35m from £1.40m.The interim dividend has been bumped up by a quarter to 1p from 0.8p last year.Net assets increased to £19.28m from £18.06m at the end of 2009, providing the group with continued scope to make appropriate investments to further its development. The group had net cash at 30 June 2010 of £5.04m."We are delighted by this robust performance and have now enjoyed compound growth of 18% in headline operating profit since our admission to AIM in 2004," said Motivcom's chairman, Colin Lloyd.