StockMarketWire.com - Insight and communications group Creston is increasing its interim dividend by 20% after a continued increase in revenues.

Headline earnings before interest, tax, depreciation and amortisation fell slightly to £5.4m from £5.5m and headline pre-tax profits dropped to £4.4m from £4.8m.

But revenues for the six months to the end of September were 2% higher at £37.2m and the dividend of 1p per share is up from 0.83p last time.

Group chief executive Don Elgie said: "The group has continued to increase revenue through the expansion of its international business, and the addition of some significant new clients and brands to its roster.

"Many of these new business wins have a significant digital element and Creston is continuing to focus on establishing itself as one of the leaders in providing digital marketing services.

"This position has been further enhanced through the 8% growth of our online and digital revenue, and today's announcement of the acquisition of digital healthcare agency DJM.

"While the market remains volatile on the back of continuing macro-economic pressures and we therefore naturally remain cautious, the Group will look to build on its first half revenue increase during its historically stronger second half.

"The group's current new business pipeline is healthy and based on historic conversion levels, the group expects to deliver full year Headline PBIT at around the prior year level."






At 8:48am: [LON:CRE] Creston share price was -1.25p at 78.75p



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