Motivcom reports 54% hike in profits

Communications and events services group Motivcom has
announced a 54 per cent pre-tax profit for the six-months ending 30 June 2010.

Basic earnings per share increased by 66 per cent to
5.73p compared with 3.45p in 2009, and interim dividend increased by 25 per cent
to 1p per share compared to 0.80p per share in 2009.

Motivcom’s Executive Director, Nigel Cooper says: “2010
has so far been an excellent year of growth in the events arena and exceeded our
initial expectations following recessionary effects in 2009.

“We have witnessed major existing clients increasing and
extending their activity and this growth has additionally been supported by
several significant new client wins in our P&MM Events and Communications
and Zibrant divisions. Our other business, AYMTM, has also performed strongly
across the board.

“We expect to see significant double-digit growth in
volume business for 2010,” he adds.

“We have witnessed major existing clients increasing and
extending their activity and this growth has additionally been supported by
several significant new client wins in our P&MM Events and Communications
and Zibrant divisions.  Our other business, AYMTM, has also performed strongly
across the board.

“We expect to see significant double digit growth in
volume business for 2010,” he adds.

Paul Colston

Author

Paul Colston

Managing Editor, Conference News & Conference & Meetings World.

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