Last checked at 18 Jul 2019 07:00
Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the publication of this announcement, this information is now considered to be in the public domain.
Aeorema Communications plc / Index: AIM / Epic: AEO / Sector: Media
18 July 2019
Aeorema Communications plc
("Aeorema" or the "Company")
Trading Update
Aeorema Communications plc, the AIM-traded live events agency, is pleased to provide a trading update further to its announcement of 16 May 2019; this reported strong trading in the second half of the financial year to 30 June 2019, with record revenues that would exceed market expectations and profits anticipated to be broadly in line with market expectations.
Following a strong end to the fourth quarter, the Company is pleased to announce that profit before tax for the year ended 30 June 2019 is expected to exceed £350,000, which is ahead of market expectations, on expected revenue of circa £6.7m. These numbers are subject to final audit.
Aeorema maintains a strong cash position and intends to pay a full year dividend, subject to the final audited results for the year, which are expected to be announced during November 2019.
**ENDS**
For further information visit www.aeorema.com or contact:
Mike Hale | Aeorema Communications plc | Tel: +44 (0) 20 7291 0444 |
John Depasquale / Liz Kirchner | Allenby Capital Limited (Nominated Adviser and Broker) | Tel: +44 (0)20 3328 5656 |
Catherine Leftley / Gaby Jenner | St Brides Partners Ltd | Tel: +44 (0) 20 7236 1177 |