StockMarketWire.com - International marketing communications group Creston reports headline earnings before interest, tax, depreciation and amortisation of £11.6m for the year to the end of March - down from £12.0m last time.

Revenues slipped to £74.9m from £75.2m and headline profits before interest and tax fell to £9.8m from £10.2m.

The total full year dividend is up 6% to 3.90p per share.

Creston reports a positive second half versus prior year with revenue and headline PBIT growth of 3% and 7% respectively.

Digital and online revenue rose 10% in absolute terms to 53% of group revenue, surpassing the 50% target of group revenue one year early (2013: 48%).

Chief executive Barrie Brien said: "It has been a year of good progress, despite challenges with client budget volatility at the beginning of the financial year. At full year we were slightly down in revenue and profits on the previous year but a high level of new business pitching in the first half translated into good revenue and profit growth for the second half year-on-year. The increase in dividend reflects this positive momentum.

"We also completed our co-location to help drive greater shared working, launched new service offerings and have seen significant board change. Having stepped up to the position of group chief xxecutive, I look forward to realising Creston's new vision of a more integrated and unified agency group to win more multi-discipline business. While we are cautious regarding client budgets for the next twelve months, we are confident that we can capitalise on our vision over the medium term to deliver value for shareholders."








At 8:45am: [LON:CRE] Creston PLC share price was 0p at 107p



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