News blog
Cello Group
- BY: Andrew Hore |
- POSTED: 22/07/2010 |
- COMMENTS: Add yours
Market research and consultancy provider Cello Group expects to improve its profits in 2010.
First half figures will show “like-for-like income growth and double digit operating profit growth”. The cost base has been reduced so more of the additional income is falling through to profit.
Cello is winning additional private sector work which should offset any decline in public sector spending on its services. Pharmaceutical and health are strong. International business is growing, particularly in the US.
The income of the Tangible direct marketing business fell in the first half but cost reductions mean that it should perform better than last year.
Paul Walton has been appointed as an executive director.
At 36p a share, Cello is valued at £22.2m.
The interim figures will be published on 14 September.
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