Aeorema Communications plc, the AIM-traded live events agency, reports a trading update for the 2019 financial year to date.
In this difficult trading environment, the Company is pleased to have secured business wins with both new and existing clients, including a three-year contract with a global media company. Aeorema has seen strong trading in the second half of the reporting period to date, with record revenues generated that will exceed those expected by the market. The new business wins, albeit on reduced margins from certain areas of client business, have contributed to the improved performance over that seen in the first half of the financial year and this will result in the Company reporting profits for the year ended 30 June 2019 broadly in line with market expectations.
The Company is in a strong cash position and it remains the intention to pay a full year dividend, subject to the final audited results for the year.