Creston eyes international growth
Shares of marketing services firm Creston shot ahead after it said full year profit rose more than a quarter and as it looks ahead to international growth opportunities.
Shares of marketing services firm Creston shot ahead after it said full year profit rose more than a quarter and as it looks ahead to international growth opportunities.
Pre-tax profit climbed to £10.8m for the year ended March 31, up 29% from the same time a year earlier. Headline pre-tax profit was flat at £10.3m from £10.4m before.
Revenue increased to £74.9m from £67.8m before. International revenue jumped 37% and represented 30% of total revenue, up from 25% a year earlier.
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 London based company said it is focused on broadening its communication division's international reach.
"Naturally we remain cautious in these challenging macro-economic conditions, however we are confident in our strategy, which includes focusing on digital and other high-growth areas of marketing services as well as expanding our offer to meet the international opportunities from our blue-chip client base," said chief executive Don Elgie.
Creston recommended a final dividend of 2.67p per share compared to 2.25p previously, giving a total dividend of 3.50p, up from 3p a year earlier.
"With our cash generative businesses, a full year contribution from our recent acquisition and a good new business pipeline, the group is positioned for profitable growth," it added.
CJ
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
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.
-
End of “fleecehold”: Will leasehold reforms bring an end to the UK's feudal system?
Britain’s feudal system of property ownership is being overhauled. It's about time, says Simon Wilson
-
Microsoft’s partnership with OpenAI is on the rocks
Microsoft’s joint venture with OpenAI, the developer of ChatGPT, appears to be in trouble. What now for the two groups?