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."

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
How events can save the world

Crisis planning, sustainability, wellbeing and inclusion can cause difficulties for event organisers. So is it possible to host a truly ethical event?

Wellbeing makes 'good business sense'

Wellbeing makes 'good business sense'

Annie Metcalfe from Clear Partners says planners must adapt to the changing demands of incentive travel programmes.

Amex GBT appoints new general manager for meetings and events

Amex GBT appoints new general manager for meetings and events

Gerardo Tejado has held a number of commercial and client management roles at American Express GBT over the past 17 years.

Incentives are coming: 7 Game of Thrones-inspired destinations

Incentives are coming: 7 Game of Thrones-inspired destinations

From Croatia to Northern Ireland, the fictional land of Westeros has filming locations around the world ideal for meetings and events.

What does an HR expert look for in Best Places to Work accreditation?

What does an HR expert look for in Best Places to Work accreditation?

An independent HR consultant explains what judges are looking for in accreditation like C&IT's Best Places to Work.

Events budgets return to steady growth, Bellwether Report finds

Events budgets return to steady growth, Bellwether Report finds

UK companies increased their marketing spend in Q1 2019, in contrast to flatlining budgets at the end of last year.

'Unlocking the best parts of destinations' is key for event planners

'Unlocking the best parts of destinations' is key for event planners

Venues should use their expertise to help familiarise planners with a new destination, says panel at the C&IT Association Forum.

Case study: CoinGeekWeek conference

Case study: CoinGeekWeek conference

CoinGeek transformed The Mermaid London for its three-day conference on cryptocurrency and blockchain.

New senior account manager for Top Banana

New senior account manager for Top Banana

Natalie Benson joins from ACA Live and will work on finance, automotive and retail accounts.

Facial recognition will change the way we measure audience engagement

Facial recognition will change the way we measure audience engagement

This kind of technology could scientifically prove the value and impact of events, says Dan Broadberry from Brands at Work.

LATEST JOBS