Adventis H1 pretax jumps 57 pct, sees FY meeting market forecasts
AFX


LONDON (Thomson Financial) - Adventis Group PLC exceeded targets with a 57 pct jump in pretax profit for the first half of 2007 to 1.26 mln stg from 799,000 stg a year earlier.

The specialist multi-media marketing and advertising agency said the outcome for the remainder of the year looks encouraging and the group is on course to meet market expectations.

Turnover for the six months to end-June was 24.9 mln stg, up 52 pct from 16.4 mln in 2006.

The board increased the interim dividend to 0.23 pence from 0.22 pence.

Chairman Peter Mitchell said the group's pretax profit-to-revenue margin exceeds 20 pct which is a rare achievement amongst marketing services businesses.

He added that the group continues to focus on property, financial services and healthcare.

The company currently has no borrowings having financed its acquisition strategy from its own resources. As a result it has a very strong balance sheet which will help fund future acquisitions, which it continues to actively pursue.

Gone is the answer me thinks.