Trading Statement and Result of EGM
21 January 2008 - 10:15PM
UK Regulatory
Ekay PLC
Pre close update for the six months ended 31 December 2007 and EGM results
Ekay PLC ("Ekay" or the "Group"), the advertising and marketing agency based in
the UK and the Channel Islands, announces a trading update for the six month
period to 31 December 2007.
The Group is pleased to announce that, whilst recognising the seasonality of
the business, profitability for the six month period is expected to exceed its
budgetary expectations. The Group's margins have improved as a result of an
increased focus on the provision of higher margin services, an enhanced
emphasis on cost control as a result of an internal review, as well as the
realisation of further synergies born from the two acquisitions made in the
year to 30 June 2007.
Commenting on the trading update, Eddie Powell Chief Executive of Ekay said:
"We are pleased with the early indications of the trading results for the six
months ending 31 December 2007. Ekay continues to see healthy demand for its
services and looks forward to further profitable development in the second half
of the current financial year."
Ekay also announces that by way of the resolution passed at this morning's
Extraordinary General Meeting the Company's Articles of Association have been
amended to ensure that they are consistent with certain sections of the
Companies Act 2006 which are currently in force.
21 January 2008
Enquiries:
Ekay PLC Tel: 01474 334343
Eddie Powell, Chief Executive
Daniel Stewart & Co Plc Tel: 020 7776 6550
Simon Leathers/ Oliver Rigby
Nexus Financial Ltd Tel: 020 7451 7050
Nicholas Nelson / Kathy Boate
END
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