StockMarketWire.com - Creston, the Insight and Communications Group, said today that headline PBIT for the full year is expected to be in line with the previous guidance.

The Group expects to report full year revenue of £75m, an increase of 11% compared to the prior year, with like-for-like revenue marginally ahead over the same period.

The Group's most recent acquisition, The Corkery Group, is performing well.

Following the lower sales levels previously reported, the Group has now completed the necessary actions to reduce its operating costs.

Operating cash flow remains good and after funding the initial cash consideration of $6m (£3.8m) for The Corkery Group acquisition and the cash charges for the restructuring, start-ups and acquisition related costs, the Group expects to be broadly debt free at the year-end and in a net cash position as at 27th April 2012, both ahead of expectations.

Creston will announce its preliminary results for the year ended 31st March 2012 on Wednesday 13th June 2012.



Story provided by StockMarketWire.com