Business
Trading Statement
Trading Statement.
About this update from Aeorema Communications Plc
[{"type":"text","content":"\n \nRNS Number : 1797Z Aeorema Communications Plc 16 May 2019 \n\nPrior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (\"MAR\"). With the publication of this announcement, this information is now considered to be in the public domain.\n \nAeorema Communications plc / Index: AIM / Epic: AEO / Sector: Media \n \n16 May 2019\nAeorema Communications plc \n \n(\"Aeorema\" or the \"Company\")\n \nTrading Update \n \nAeorema Communications plc, the AIM-traded live events agency, reports a trading update for the 2019 financial year to date. \n \nIn this difficult trading environment, the Company is pleased to have secured business wins with both new and existing clients, including a three-year contract with a global media company. Aeorema has seen strong trading in the second half of the reporting period to date, with record revenues generated that will exceed those expected by the market. The new business wins, albeit on reduced margins from certain areas of client business, have contributed to the improved performance over that seen in the first half of the financial year and this will result in the Company reporting profits for the year ended 30 June 2019 broadly in line with market expectations. \n \nThe Company is in a strong cash position and it remains the intention to pay a full year dividend, subject to the final audited results for the year.\n \n**ENDS**\n \nFor further information visit www.aeorema.com or contact:\n\n\n\nMike Hale\n\n\nAeorema Communications plc\n\n\nTel: +44 (0) 20 7291 0444\n\n\n\n\nJohn Depasquale / Liz Kirchner\n\n\nAllenby Capital Limited (Nominated Adviser and Broker)\n\n\nTel: +44 (0)20 3328 5656\n\n\n\n\nCatherine Leftley / Gaby Jenner\n\n\nSt Brides Partners Ltd \n\n\nTel: +44 (0) 20 7236 1177\n\n\n\n \n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com. E...