Source - SMW
Advertising company Mission Marketing Group said annual profit was broadly unchanged after higher revenue was offset by a rise in operating expenses.

The company also announced that it had acquired London-based creative agency Krow Communications for an initial sum of £2.75m.

Pre-tax profit of £5.8m compared to £5.9m in 2016, as revenue rose by 6% to £70.0m.

The company declared a full-year dividend of 1.7p, up 13% on-year.

'Trading in the first quarter of 2018 was ahead of last year and current indications are that prospects for organic growth are good despite the backdrop of economic uncertainty,' chairman David Morgan said.

'Added to that, we will benefit from the contribution of newly-acquired Krow Communications, announced today, and we also expect to see an improvement in margins as our various initiatives kick in.'

'All in all, we expect 2018 to be a year of strong growth.'
At 9:16am: (LON:TMMG) Mission Marketing Group The PLC share price was +2.5p at 48p

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