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Annual Results

Communisis adjusted pre-tax profits up 15%

09 March 2017 09:55

Communisis reports is seventh consecutive year of growth with adjusted profit before tax up 15% to £16.7m in 2016 on revenue that was 2% ahead at £361.9m.

Communisis said free cash generation was strong, increasing to £12.9m (2015 £12.0m).

Year-end net debt reduced by 23% to £30.4m (2015 £39.4m).

Adjusted earnings per share of 6.07p rose by 17%.

Chief executive Andy Blundell said: "Success in 2016 came from a focus on core activities and translated into a number of significant, new multi-year contracts.

"We have succeeded in strengthening our position as the leader in UK transactional communications and further extended our Brand Deployment services in overseas territories.

"These twin themes will continue to underpin our growth strategy going forward."

At 9:55am: (LON:CMS) Communisis PLC share price was -1.37p at 51.63p

Story provided by StockMarketWire.com

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