Mission Marketing pleased with progress

22nd Jan 2019 09:43

(Sharecast News) - Communications and advertising outfit Mission Marketing anticipates profits and revenues to have moved ahead in its last trading year.Mission expects revenues to be 10% ahead of its previous trading year - driven by core growth of 5% and maiden contributions from its 2018 acquisition, Krow Communications.Headline pre-tax profits were expected to be more than 20% higher year-on-year at £9.4m.The AIM-listed group, which also slightly improved its net debt position, told investors that it was "particularly pleased" with its progress considering the "continuing uncertainty and challenges" within the sector.Chairman David Morgan said: "Our performance in 2018 fully illustrates how having the right people backed by innovative technologies and creative solutions delivers great results for our clients and in turn for our business.""Mission is a truly joined up group of talented people and we are well positioned for continued growth in 2019 and beyond."As of 0940 GMT, Mission shares had slumped 5.46% to 56.25p.