Proactive Investors - Run By Investors For Investors

Immedia picks up the pace as it swings to profit in 2018

The marketing firm reported a pre-tax profit for the year ended 31 December of £106,204, swinging from a £693,268 loss in 2017, while revenues jumped to £4.7mln from £3.5mln
Phone apps
Immedia's services include web and mobile app development

Immedia Group PLC (LON:IME) shares got a boost on Tuesday after the marketing firm swung to a profit in 2018.

The AIM-listed group reported a pre-tax profit for the year ended 31 December of £106,204, swinging from a £693,268 loss in 2017, while revenues jumped to £4.7mln from £3.5mln.

Over the year, Immedia’s chairman Tim Hipperson said the firm had seen a “strengthening” of its relationships with key clients including FTSE 250 JD Sports Fashion PLC (LON:JD.) and Nationwide Building Society.

The group also performed what it said was “landmark work” for clients such as FIFA, Weir Group PLC (LON:WEIR), Maersk, and Halliburton Co (NYSE:HAL).

Looking ahead, the company said trading over the first part of 2019 had been in line with management expectations, adding that it was currently in “advanced dialogue” with several key potential clients.

In mid-morning trading, Immedia’s shares were up 15.3% at 28.3p.

View full IME profile View Profile

Immedia Group plc. Timeline

Newswire
November 14 2014

Related Articles

clapperboard
March 04 2019
At the Completion Contract business there have been lower volumes and the average budget per film has reduced
Augmented Reality on phone
March 21 2019
The firm currently has around nine companies in its portfolio that are either direct investments or through its sub-fund, Suir Valley Ventures, in which it holds a 22% stake
Students in a class
August 27 2018
The company is gaining traction in Asia where people are looking to take language courses to work or study internationally
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use