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Be Heard Group looking to bring in more partners

.The period to end June saw it raise £8.1mln, meaning it is now cash positive. It also acquired its second partner - the design and build agency MMT.
Be Heard Group looking to bring in more partners
Be Heard is a digital marketing specialist

Digital marketing specialist Be Heard Group PLC (LON:BHRD) said its half year numbers were in line with its expectations as it continues to look to bring in targeted partner companies.

The period to end June saw it raise £8.1mln, meaning it is now cash positive. It also acquired its second partner - the design and build agency MMT.

"In May, we completed the acquisition of MMT, the award-winning UX, design and build business. This came after our first investment in leading media planning and buying business agenda21, completed in November 2015," the group said.

"Both transactions involved reverses with associated longer lead times and higher costs than we will target on average. We are confident we will see our economics improve markedly as we build on our platform with each new acquisition, largely because the central function has now been built and will be able to support a considerably larger group going forward."

Turnover was £14.7mln, while the loss from operations was £2.1mln.

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September 01 2016

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