HGV20 Jul 2012 15:02
Half year trading update
Hasgrove plc (AIM: HGV, 'Hasgrove' 'the Group'), the digital and communications services group, announces a trading update for the six month period ended 30 June 2012.
For the first half Hasgrove expects to report gross income in the region of £9.0m (2011 restated1: £7.7m), an increase of 16% compared to the previous year and a pre-tax profit of approximately £0.7m (2011 restated1: £0.1m).
Amaze continued to strengthen its expertise of working with central marketing teams, supporting the development of digital strategy, communications and infrastructure for large organisations. New business activity has continued to be successful with the securing of significant pan-European and global accounts, particularly in growth areas such as e-commerce. Encouragingly, significant projects in the first half have been delivered in line with expectations and the overruns experienced in the second half of 2011, have not been repeated.
In the first half of the year, Interact, the intranet business, recorded its highest ever figure for new business sales including two intranet sales in excess of £100,000. Following the recruitment of new sales staff in the US in mid-February, a number of intranets have been sold in the US in the second quarter and the pipeline is developing ahead of expectations. This is very encouraging and there will be continued and equal focus on both UK and non-UK sales.