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Digital Marketing Group

  • BY: Andrew Hore |
  • POSTED: 03/09/2010 |

Digital Marketing Group has announced a collaboration with media planning agency UM, which is part of Interpublic.

This deal will help DMG to provide a better service to international clients.

DMG has also launched mobile commerce services provider 20:20 Connect.

Revenues fell from 56.7m to 48.5m in 2009. Underlying profits declined from 8m to 7.2m. Net debt was 7.26m at the end of 2009. Current trading is in line with expectations. Cenkos forecasts a 2010 profit of 6m.

At 27.75p a share, DMG is valued at 20.6m. The shares are trading on less than six times prospective earnings for 2010.

FinnCap was appointed as nominated adviser and broker on 27 July 2010.

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