Be Heard Group shares slide on first interim results

15th Sep 2016 10:33

(ShareCast News) - Digital marketing services company Be Heard Group announced its unaudited interim results for the six months to 30 June on Thursday, with turnover of £14.71m, up from £2.35m in the period to 31 December 2015.The AIM-traded firm reported net revenue of £3.31m, up from £0.51m, with adjusted trading EBITDA of £0.69m at a trading margin of 20%.Adjusted group EBITDA was a loss of £0.012m, making for a diluted loss per share of 1p."Our first set of interim results is in line with the board's expectations," said executive chairman Peter Scott."We have added our second high-quality digital agency in MMT and made good progress in executing our strategy."Scott said the widespread availability of attractive potential partners interested in joining the group is encouraging, as is the value the company has been able to add to the agenda21 and MMT acquisitions."We will continue bringing together best-in-class digital agency partners to provide clients with holistic solutions in an increasingly complex market, targeting good returns for shareholders along the way."At 1058 BST, shares in Be Heard Group were down 7.66% at 3,72p.