Aegis comes in above expectations

Media and digital communications group, Aegis, beat analysts forecasts for 2011 with profits jumping by a third.

Pre-tax profits for 2011 at the firm came in at £161.8m, up 32% on the year before and beating expectations of £148.3m.

MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

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

The firm said it was optimistic about the outlook for the advertising sector in 2012, supported by key sporting events and the US Presidential Election.

"So far in 2012, our clients have continued to spend on marketing and advertising their products and brands, as they seek to gain market share and strengthen their market positions," said Chief Executive Jerry Buhlmann.

"We expect this trend to continue, helping to support the momentum of our business, which built up during 2011 with a record-equalling net new business performance last year."

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.