StockMarketWire.com - Marketing communications group Creston saw revenue growth slow in the three months to the end of December.

The group said that following an encouraging first half in which revenues grew 5%, growth in the three months to 31 December was lower, with revenue up 1% on the prior period giving rise to year-on-year growth of 3% for the year-to-date (4% on a constant currency basis). The group says: "Our Communications & Insight division continued to perform well. Our third quarter revenue performance was as a result of some client budget cuts and project delays within the UK health business, which will also affect the Group's final quarter revenue. As a consequence the Board expects full year Group revenue growth, but for it to be lower than expectations. "Operating costs have been reduced and, based on current trading, the Board expects Group Headline PBT for the full year to be broadly in line with market expectations. With a lower effective tax rate than anticipated, Headline Diluted EPS is expected to be in line with market expectations."




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