Strong growth generated in the second half of 2012 augers well for the year ahead at Porta Communications, with overseas development in Hong Kong expected.
A trading statement issued by the company on Monday morning revealed that more than £1.0m in annual fees of new business had been won across the group in November and total revenues in the second half were more than four times higher than the total in the first six months of the year.
Overseas opportunities in the pipeline for consideration
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
He added that the group was looking at a number of potential acquisitions overseas.
"It is the board's intention to maintain this strategy in the current year, particularly in the overseas development, where a number of exciting opportunities have been identified, either through acquisitions or start-ups. The first of these is our new public relations venture in Hong Kong which will also be our launch pad into mainland China."
Porta Communications is an AIM-listed holding company with the mandate to build an international communications and marketing business.
MF
-
Pension vs property: which option provides the best income for your retirement?News With the cost of a comfortable retirement on the rise, future retirees need to weigh up which strategy offers the best returns. But is a pension a better bet than property?
-
The industry at the heart of global technologyThe semiconductor industry powers key trends such as artificial intelligence, says Rupert Hargreaves
