Motivcom reports 46% growth in pre-tax profit

Motivcom has announced a 46% growth in pre-tax profit in 2009.

The parent company of event agencies P&MM, AYMTM and Zibrant reported pre-tax profit of £3.06m in the year to 31 December 2009, up 46% on the previous year.
 
It also announced operating profit before amortisation of £3.83m, up 15% on 2008.
 
However, it reported that gross profit was down 3% on 2008 to £22.8m.
 
Motivcom divisional managing director Nigel Cooper said the company achieved record profits in 2009, despite the recession.
 
"Although our gross profit is slightly reduced, this is in line with what we expected, and despite this, the business has performed particularly well through tight management controls and a cost-awareness programme," said Cooper. "This performance is a credit to the efforts of people at all levels in the business who have taken on board the changing economic climate and have pulled together to achieve an excellent result."

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