StockMarketWire.com - First half revenues at global public relations and healthcare communications group Huntsworth fell to £83.1m - a like-for-like decline of 1.7% and a constant currency drop of 2.4%.

Profit before tax was £7.7m (2013: £10.6m) reflecting both the cost of the continuing investment programme and the challenging public relations markets in the UK and Europe.

The group also announced that chief executive Lord Chadlington would step down when a suitable successor is found.

He said: "At the 2013 year end we reported that we would continue our investment programme for a second year in order to build multi-office business, to increase our digital revenues and to increase revenue growth in the USA, the Middle East and Asia Pacific, thereby reducing our high dependence on the UK and Europe. While the pace of these increases in the first half has been slower than we hoped, we are making some good progress, which we expect will continue in the second half and accelerate in 2015.

"It has been my intention for some while to stand down and I am delighted that I will do so just as the economies of the world are turning for the better and that we have a management team which will make the most of this all-important investment plan which is now well under way. I am extremely proud of Huntsworth and what we have created."






At 8:03am: [LON:HNT] Huntsworth PLC share price was +4.63p at 45.63p



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