News blog
Mission Marketing Group
- BY: Andrew Hore |
- POSTED: 18/07/2012 |
Advertising and marketing services provider Mission Marketing Group says that it is reducing its borrowings and this should enable it to pay a dividend next year.
Gearing has fallen from 26% to around 20% in the six months to June 2012. This has led to lower interest costs and, combined with an improvement in operating profit, it means that that there will be strong growth in pre-tax profit. The company’s figures will have a second half bias.
Mission Marketing paid a 0.36p a share dividend for the 2008 financial year.
At 28p a share, up 2p, Mission Marketing is valued at £20.3m.
Mission Marketing has changed its nominated adviser and broker from Seymour Pierce to finnCap.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJuly2012_34.pdf
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