Aeorema Communications Plc Trading Update (7723V)
26 July 2018 - 12:30AM
UK Regulatory
TIDMAEO
RNS Number : 7723V
Aeorema Communications Plc
25 July 2018
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR")
Aeorema Communications plc / Index: AIM / Epic: AEO / Sector:
Media
25 July 2018
Aeorema Communications plc
("Aeorema" or the "Company")
Trading Update
Ahead of Aeorema's Final Results for the year ended 30 June 2018
and further to its Interim Results for the six months ended 31
December 2017, announced in March 2018, the Company is pleased to
report strong operational performance for the 2018 financial
year.
The Company continues to maintain and build upon its blue-chip
client base and during the year delivered several major events
globally, with a series of large-scale events held at Cannes being
a notable highlight in a successful year. The Company also
continues to make positive progress in identifying new growth
opportunities and is pleased to report that its recent move into
experiential events with the appointment of Julian Staveley as
Director of Experiential (as announced on 26 March 2018) has been
well received, with a strong pipeline of new business prospects
identified. This enhanced service offering bolsters the Company's
offering to current clients whilst also providing exposure to a new
target market in a rapidly growing area of events.
As a result of this positive operational performance, the
Company is set to report total revenues for the year of not less
than GBP4.7 million (2017: GBP4,156,592) with an operating profit
pre-exceptional items of over GBP280,000 (2017: GBP248,367). The
exceptional items include costs associated with the management
restructuring as announced on 13 September 2017, which is a
one-off, non-recurring cost. Alongside this, the Company has
maintained its strong cash position with GBP1,446,562 in the bank
as at 30 June 2018 (GBP1,897,212 at 30 June 2017). In light of
these results, the Board of Aeorema wishes to announce its
intention to pay a final dividend ("Dividend") of 0.75p (50% above
last year's 0.5p) to shareholders for the year ended 30 June 2018.
Confirmation of the Dividend will be subject to the Company's final
audited results for the year ended 30 June 2018.
Looking ahead, the Company anticipates a similarly positive
performance for the upcoming year as it continues to build upon on
its position as an industry-leading, profitable, dividend-paying
business with an illustrious blue-chip client base.
**ENDS**
For further information visit www.aeorema.com or contact:
Mike Hale Aeorema Communications Tel: +44 (0) 20 7291
plc 0444
John Depasquale / Liz Allenby Capital Limited Tel: +44 (0)20 3328
Kirchner (Nominated Adviser 5656
and Broker)
Charlotte Page / Isabel St Brides Partners Tel: +44 (0) 20 7236
de Salis Ltd 1177
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London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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