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SpaceandPeople
- BY: Andrew Hore |
- POSTED: 18/01/2010 |
Experiential marketing company SpaceandPeople edged up its 2008-09 revenues despite the tough advertising market.
SpaceandPeople sells and manages promotional space in shopping centres. It represents 310 venues with more than 40m customers each week. The main operations are in the UK and Germany. The company also has minority stakes in operations in India and Hong Kong.
Revenues rose from £2.55m to £2.69m in the year to October 2009, while reported profits fell from £621,000 to £506,000. Most of the decline is due to £107,000 of licence income that was not repeated in the most recent period.
A maintained interim dividend of 2p a share has been declared – covered just over one and a half times. There is £1.34m in the bank.
The trading year has started well and SpaceandPeople wants to expand its business significantly in the current year.
At 55p a share, SpaceandPeople is valued at £6.4m. The yield is 3.6%.
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