SEC official results out.30 May 2018 18:30
Here is their main blurb on Porta. It's interesting that Newington is a Public Affairs only. So Porta and Newington are well placed to share these. Reading through the report they suggest this partnership is helping their bottom line. http://secglobalnetwork.com/download/20180516145407-secannualreport-2017.pdf
'Annual Report 2017
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17
PORTA COMMUNICATIONS Plc
.Porta Communications Plc is a PR Group -as SEC Grouplisted at LSE�s AIM segment.
2017 turnover was in excess of 40 million pounds. Its focus is financial comms under the
brand Newgate Communications with operations in London, Singapore, Honk Kong,
Shanghai, Abu Dhabi and Australia (with 5 branches in the most relevant Australian cities).
In addition Porta controls three other UK based brand Redleaf (financial comms with a special
focus on SME), Publicasity (marketing communication) and 2112 (digital).
In the past Porta suffered some mismanagement issues that led to critical situations, namely
in the UK market where they were seeking for an industrial partner they then found in
SEC Group. For the sake of this strategic partnership, Porta arranged a dedicated capital increase
(August 3rd 2017) by which SEC now owns 18,6% of Porta Plc�s shares, its first shareholder.
Following this operation, SEC�s CEO Fiorenzo Tagliabue was appointed as Deputy Chairman of PORTA.
Starting September 2017 a significant restructuring plan has been carried out that generated savings worth 1.9
million.
PORTA and SEC has no overlaps since UK based SEC partner is mostly focuse
d on Public Affairs, a business not performed by Porta operations in UK market .
The SEC-PORTA platform is now present in five Continents (Europe, Africa, Asia, Australia and Latin America) and shows an impressive potential of commercial synergies that, once the restructuring plan will be completed, will be further implemented.'