Incepta shows healthy growth

Citigate Dewe Rogerson has reported a massive revenue increase of 77 per cent to pounds 41 million, according to the financial results released by its parent company the Incepta Group this week.

Citigate Dewe Rogerson has reported a massive revenue increase of

77 per cent to pounds 41 million, according to the financial results

released by its parent company the Incepta Group this week.



Total revenue for the group was up by 54 per cent to pounds 77.19

million, and pre-tax profits increased by 280 per cent to pounds 23.8

million.This figure includes a pounds 10.9 million profit made from the

sale of Incepta’s stake in advertising giant Lopex, following a failed

takeover bid.



The strong figure (which includes the full-year results from the merged

Citigate Dewe Rogerson for the first time) was due mainly to

acquisitional growth, according to CEO David Wright, although he said

organic growth had also been strong. Deals to buy New York financial

outfit Sard Verbinnen - which Wright predicts will make a profit of

pounds 3.75 million over the next year - and German agency SEA took

place after the reporting period was up.



The markets responded favourably to the news, with Incepta shares,

listed on the London Stock Exchange, rising by eight per cent at the

time of going to press. Wright said: ’We have made a strong start to the

year and are well placed to deliver further growth.’



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