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Porta on track to deliver positive EBITDA for full year

Porta on track to deliver positive EBITDA for full year

Marketing specialist Porta Communications (LON:PTCM) remains on track to deliver positive underlying earnings (EBITDA) for the full year.

The firm said that after five months' trading of the current year, fee income had grown by around 2.4 times to over £8 million and EBITDA, after all costs, hAD increased by some £1.6 million to approximately £0.8 million compared to the same period last year.

The firm is upbeat on the communications division, under the Newgate brand, which has performed ahead of budget, notably in Australia, and has received new business, while it expects the marketing and advertising division to improve over the rest of the year after efficiency measures.

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