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Porta Communications enjoyed strong second half of 2017

Published: 07:22 29 Jan 2018 GMT

public relations
Porta made several board changes in 2017 to help take it to the next level

Porta Communications PLC (LON:PTCM) has told investors that the strong trading it enjoyed in the first six months of 2017 continued into the second half of the year.

As a result, the company expects gross profits for the 12 months through to December 31 to be in the region of £33mln and adjusted underlying earnings (EBITDA) to be around £2.5mln.

Back in its interim results, chief executive Stefan Williams said the addition of several new faces to the board and management team had a “positive effect on the performance of the business”.

In 2016 Porta – which is behind City PR firms such as Newgate and Redleaf – saw gross profits rise 10% to £29.7mln and adjusted underlying earnings rise 11.5% to £2.3mln.

Full-year results for 2017 are expected to be announced in late April.

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