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.
Earnings per share were 10.1p, up 29% on the previous year, with the company saying it would pay a dividend of 3.2p.
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
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."
-
LendInvest: a promising fintech firm going cheapOpinion LendInvest has made some mistakes in the past, but it’s now primed for growth, says Rupert Hargreaves
-
What caused the Birmingham bin strike – and what does it mean for British businesses?The Birmingham bin strike is the fallout from an equal-pay claim brought by female cleaners. That bodes ill for the rest of British business
