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Porta guarded on prospects post Brexit; trading to date has been strong

“Whilst the board remains confident that our growth strategies will deliver results in the longer term forecasting the short-term outcome in all the current uncertainties would be unwise,” the marketing and PR group added in a trading statement ahead of its annual meeting.

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Caution is the watchword for the PR gurus at Porta.

Porta Communications PLC (LON:PTCM) was guarded over prospects given the outcome of the Brexit vote, though it said trading to date was slightly ahead of this time last year.

“Whilst the board remains confident that our growth strategies will deliver results in the longer term forecasting the short-term outcome in all the current uncertainties would be unwise,” the marketing and PR group added in a trading statement ahead of its annual meeting.

Porta told investors trading “remained strong” and fee income was running marginally ahead of the comparable period in 2016.

The run up to referendum and the leave vote “created and continues to cause uncertainty”, there was, the company added. However it pointed out it has a geographically diverse portfolio of assets. 

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Price: 30.5 GBX

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