Chime Communications PLC, the leading marketing services group, today announces its interim results for the six months ended 30th June 2008.
- Operating income up 24.2% to £54.5 million (H1 2007: £43.9 million)
- Organic growth of 11.4%
- Operating profit up 24.9% to £9.1 million (H1 2007: £7.3 million)
- Organic growth of 11.1%
- First half operating profit margin increased to 16.8% (H1 2007: 16.7% and Full Year 2007: 16.3%)
- Profit before tax up 27.3% to £8.2 million (H1 2007: £6.4 million)
- Diluted earnings per share from continuing operations up 20% to 9.86p (H1 2007: 8.22p)
- Just over 90% of annual revenue committed for 2008
- New £32 million five year debt facility agreed
- Interim dividend up 40% to 1.54p per share (H1 2007: 1.10p)
Notes:
- Bracketed figures are for 2007 first half year
- All share based figures reflect the 1 for 5 share consolidation in May 2008
- Organic growth is calculated excluding all acquisitions in 2007 and 2008
Commenting on the results, Lord Bell, Chairman of Chime Communications, said:
“I am delighted that we have maintained our excellent performance through the first half of the year. Our businesses have started the second half of the year well and this, together with our continued emphasis on cost control, leaves us well placed to meet our expectations for the full year. It is widely predicted that economic growth will slow in 2009, but our strategy of a diversified group of businesses will protect us”.
For further information please contact:
Lord Bell, Chairman - Chime Communications
Telephone: 020 7861 8515
Christopher Satterthwaite, Chief Executive - Chime Communications
Telephone: 020 7861 8515
Mike Davies/Chris Hamilton - Bell Pottinger Corporate & Financial
Telephone: 020 7861 3232
