StockMarketWire.com - SpaceandPeople sees its FY pretax profit in line with current market expectations.

Gross revenue for the year rose to £36.8m, from £30.1m. Net revenue rose to £13.8m, from £13.1m as the company continued to expand its client base whilst delivering increased sales to its existing clients both in the UK and Germany.

Cash flow was again positive during 2013 with net cash being £1.9 million at the end of the year compared with £834k at the end of 2012.

During 2013, Spaceandpeople had continued to make good progress and had gained a number of significant and iconic clients including St Pancras International, One New Change, The Garden Centre Group and Corio GmbH.

"These clients, together with our existing portfolio and our determination to win additional business place the Company in an excellent position to continue its growth going forwards," Spaceandpeople said in a statement.




Story provided by StockMarketWire.com