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Communisis profits rise

04 August 2016 07:59

Communisis posts adjusted pre-tax profits of £6.5m for the six months to the end of June - up from £5.4m last time - and remains confident of delivering on its full year expectations.

Revenues rose to £174.9m from £174.6m and adjusted earnings per share increased by 20% to 2.42p. The dividend of 0.81p per share is up 10%.

Chief executive Andy Blundell said: "Communisis has grown profitability, sustained strong cash generation, further reduced net debt and increased the dividend. Trading in our main markets has been good and we have won significant new, long-term contracts. A simplified two divisional structure addresses our main client opportunities and reduces cost. We remain confident of delivering on our full year expectations for the Group."

Story provided by StockMarketWire.com

Related Company: CMS

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