Creston PLC AGM Statement (0063J)
06 September 2016 - 4:00PM
UK Regulatory
TIDMCRE
RNS Number : 0063J
Creston PLC
06 September 2016
6 September 2016
Creston plc
AGM Statement
Creston plc ('Creston' or the 'Group') (LSE: CRE), the marketing
communications group, announces that at the Annual General Meeting
to be held at 9.00 am today, it will provide the following update
for the four months trading to 31 July 2016.
The Group has had a positive start to the year, trading broadly
in line with expectations and maintaining its strong balance sheet,
which underpins its progressive dividend policy.
The recent EU referendum continues to cause some variability and
uncertainty in budgets amongst the Group's UK clients, which adds
to the challenges some were already facing as they experience their
own transformations within their industries. The subsequent
movements in existing clients' marketing budgets have largely
offset the benefit of new business gains and for the period to 31
July 2016 there has been marginal growth in reported Group
revenues.
Group Headline PBT is well ahead of the comparative period
reflecting the benefit from the ongoing implementation of
operational efficiencies commenced in the prior year and some
benefit from the weakening in UK sterling.
The Company is also making good progress in its search for a new
Chairman and will update the market soon.
-ends-
For further information please contact:
+ 44 (0)20 7930
Creston plc 9757
Barrie Brien, Group Chief
Executive
Kathryn Herrick, Chief
Financial Officer
+44 (0)20 3772
Bell Pottinger 2573
Elly Williamson/Lucy Stewart
About Creston plc
Creston plc (LSE: CRE), incorporating the Creston Unlimited
group offer, is a marketing communications group delivering a range
of digital technology-based marketing solutions to blue-chip global
clients. Encompassing consultants and discipline experts from
across the industry and beyond, Creston Unlimited unlocks the power
of creative collaboration to realise the opportunities that exist
for brands and businesses in today's rapidly evolving world.
www.creston.com / www.creston-unlimited.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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