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Porta Communications says strong trading continued in first half

Porta Communications shares raced higher in early deals as it revealed underlying earnings after all costs in its first half will be "significantly higher" than in the whole of 2014.
Porta Communications says strong trading continued in first half
The board said it remains confident on the outcome for 2015..

Porta Communications (LON:PTCM) shares raced higher in early deals as it revealed underlying earnings after all costs in its first half will be "significantly higher" than in the whole of 2014. 

The board remains confident on the outcome for 2015 and added that, as previously indicated, there will be a big reduction in exceptional costs, reflecting what it called  "the growing maturity" of all our start-ups.

"The three main acquisitions made in 2014, Redleaf, Publicasity and PPS are all performing well, while the international start-ups (operating under the Newgate brand) in Australia, Hong Kong and Singapore are all trading at record levels," the company revealed.

Separately, the company said Raymond McKeeve, a non- exec director, bought yesterday around 1.097mln shares at an average of 9.1p a share.

Now, McKeeve is  interested in around 4,347mln shares or 1.57% of the share capital

View full PTCM profile View Profile

Porta Communications PLC Timeline

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