Motivcom announces 75% gross profit growth

The parent company of agency P&MM posts its half-year results

Lloyd: "encouraging results"
Lloyd: "encouraging results"

Motivcom has announced a 75% rise in gross profit, up to £12.25m in the six months to 30 June 2008.

In 2007, its gross profit was just over £7m.

Its headline operating profit increased by 73% to £2,049,000 in the six months to June, compared to £1.18m in 2007.  Operating profit increased by 42% to £1.6m, compared to £1.17m in 2007.

These are the unaudited interim results for the six months to 30 June 2008.

Motivcom chairman Colin Lloyd said: "These are encouraging results as we endeavour to maintain the consistent year-on-year growth of our operating profit, which has exceeded a compound rate of 30% for the past five years.  With increased levels of profit and good cash reserves, we are pleased to be able to offer the improved dividend announced today and aim to continue our progressive dividend policy.  These results reinforce our belief that many areas of the group are suited to the current economic climate giving us prudent optimism in our forward prospects."

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