Chime Communications plc, the leading marketing services group, today announces its preliminary results for the year ended 31st December 2006, and the proposed acquisition of Fast Track, the leading sports marketing agency in the UK.
2006 Financial Highlights
- Operating income up 25% to £78.8 million (2005: £63.0 million)
- Organic growth of 11%
- Operating profit up 47% to £12.3 million (2005: £8.3 million)
- Organic growth of 33%
- Margin improvement to 15.6% (2005: 13.2%)
- Profit before tax up 51% to £11.1 million (2005: £7.3 million)
- Earnings per share up 24% to 3.08p (2005: 2.49p)
- Net cash of £2.9 million compared to net debt at 31st December 2005 of £3.0 million
- Dividend increased by 21% to 0.58p per share (2005: 0.48p)
Lord Bell, Chairman of Chime Communications, said :
"These are excellent results. The company has made considerable progress across all its divisions with double digit growth in all the key indicators. This growth is continuing into the beginning of 2007. We are delighted with the acquisition of Fast Track, the UK's leading sports marketing agency."
Note: The acquisition of Fast Track is subject to shareholder approval
For further information please contact:
Lord Bell, Chairman 020 7861 8515 Chime Communications
Christopher Satterthwaite, Chief Executive 020 7861 8515 Chime Communications
Charles Cook/Chris Hamilton 020 7861 3232 Bell Pottinger Corporate & Financial
To download the Preliminary Announcement, click here
To download the Preliminary Results Presentation, click here
