LONDON (Alliance News) - The Mission Marketing Group PLC said Monday that it remains confident for further progress in 2014, as it saw trading in line with management expectations in the half-year to the end of June.
The marketing communications and advertising company said its revenue and profit for the half-year are both expected to come in ahead of the previous year.
Its net debt fell to less than GBP8 million from GBP10.7 million as at the end of 2013, boosted by strong cash flow.
Its recent ventures, including its acquisition of medical agency Solaris Healthcare Network Ltd and its establishment of a new Singapore office are "developing nicely," it said. It is continuing to explore opportunities to extend its range and reach to respond to client demand.
It expects to see a second-half weighting for 2014.
Shares in Mission Marketing were trading down 10% at 48.00 pence Monday.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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