Freshwater UK (AIM: FWUK), the regional public relations and marketing services group climbed 5% after posting its maiden results since listing on AIM in 2007.
Turnover increased 54% to £4.1 million, profit before tax climbed 50% to £0.46 million and the interim dividend was beefed up slightly to 1.5 pence per share. A considerable part of the jump in revenues was attributed to a series of acquisitions, but Freshwater also confirmed that like for like organic growth from existing operations rose 7.3%.
Steve Howell, Chief Executive, said:
"I am pleased with the Group's progress made in the past six months. The results show strong growth across the business and the recent acquisitions are performing well. We look forward to further developing combined and cross selling opportunities and continue to expand the Group through targeted acquisitions."