StockMarketWire.com - Marketing company The Pebble Group reported a small rise in first-half adjusted profit after a fall in revenue was offset by lower expenses.

Pre-tax profit for the six months through June amounted to £0.6m, compared to a loss of £3.6m on-year, which included a £4.1m exceptional cost due to deferred acquisition payments.

Adjusted pre-tax profit rose to £0.9m, up from £0.7m, even as revenue fell 30% to £33.6m.

Chief executive Christopher Lee said the company did not expected a significant return of conferences or events until at least the second half of 2021.

However, he said the current sales trend and the contracted, long-term nature of its client relationships gave it confidence in the re-emergence of sales demand through 2021.


At 9:50am: [LON:PEBB] The Pebble Group PLC share price was -5p at 87.5p



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