This marketing company has loyal clients and growing profits – Investors Chronicle

Category: Social Marketing

UK advertising and marketing specialistThe Mission Group(TMG: 54p) delivered a resilient underlying performance last year in the face of an uncertain economic and business environment, as flagged up in a pre-close trading update in mid-January (Investors are being too risk-averse with this marketing company, 12 January 2023).

In the event, adjusted operating profit of 8.7mn on 10 per cent higher revenue of 79.7mn was slightly ahead of house broker Shore Capitals previously revised estimates as were earnings per share (EPS) of 6.7p, up from 6.5p in 2021. The 4 per cent hike in the payout per share to 2.5p provides shareholders with a 4.6 per cent dividend yield on shares trading on a modest price/earnings (PE) ratio of eight. The profit figures are stated before previously announced non-cash impairment charges on the carrying value of the groups Pathfindr industrial internet-of-things (IoT) solutions business, Bray Leino Splash agency and Asian operations; their performances being impacted by theprevalence of Covid-19 in China and the region.

Here is the original post:
This marketing company has loyal clients and growing profits - Investors Chronicle

Related Posts
March 28th, 2023
No comments yet

Comments are closed.