Wednesday, Adventis Group Plc (ATG.L), a full service multimedia marketing and advertising agency, reported a fall in its fiscal 2008 profit, reflecting lower contribution from property clients.
For fiscal 2008, the company's profit attributable to equity holders fell to GBP 1.2 million or 2.65 pence per share from GBP 1.76 million or 4.12 pence per share in the prior year. Profit for the year was GBP 1.22 million, lesser than a year ago's GBP 1.81 million. Pre-tax profit decreased to GBP 1.8 million from GBP 2.64 million in the preceding year.
Annual turnover decreased to GBP 38.11 million from GBP 47.08 million in the previous year. Turnover from continuing operations was GBP 35.61 million, lower than GBP 44.79 million in earlier year. Meanwhile, gross profit moved 5% up to GBP 12.26 million from GBP 11.75 million in the former year.
For the latest year, the company posted operating profit from continuing operations of GBP 1.23 million, in comparison with GBP 2.12 million in the prior year. Investment revenue for the year plummeted to GBP 96 thousands from GBP 226 thousands in the previous year.
In addition, Adventis Group said its board recommended a maintained final dividend of 0.48 pence per share, making a total for the year of 0.71 pence. The recommended final dividend is subject to approval by shareholders at the annual general meeting.
ATG.L is currently trading at 17.63 pence, up 2.38 pence or 15.61%.
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