viewSEC Newgate S.p.A

Porta Communications enjoyed strong second half of 2017

The PR group expects full-year gross profits to have risen another 10% in 2017, while adjusted underlying earnings are also expected to have ticked higher compared to 2016

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.

Quick facts: SEC Newgate S.p.A

Price: 31 GBX

Market: AIM
Market Cap: £7.52 m

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