NEWS: Chime results expected to beat forecasts

Chime Communications, parent company to Lowe Bell Communications, announced its annual results on Wednesday - the day after PR Week went to press.

Chime Communications, parent company to Lowe Bell Communications,

announced its annual results on Wednesday - the day after PR Week went

to press.



The results, only the second since Lowe Bell reversed into listed

company Chime in 1994, were expected to come in just above the forecast

by Chime’s broker Panmure Gordon of a pounds 2.4 million profit, and

earnings per share of 2.7p. Revenue is also expected to be just ahead of

the pounds 18 million forecast as is the operating margin, forecast at

13.5 per cent.



This compares with an operating profit of pounds 1.45 million on income

of pounds 10.52 million in 1994 - representing nine months of Chime

trading to December 1994, but only seven months of Lowe Bell business.



Meanwhile Lowe Bell Consultants confirmed it has recruited Independent

financial editor John Eisenhammer.



Eisenhammer joined the Independent in 1986 working as a diplomatic

writer and on European affairs before moving to the financial desk. He

previously worked for the BBC.



Stephen Sherbourne, Lowe Bell Consultants MD, said of Eisenhammer: ‘John

brings with him a great deal of understanding and experience of the

worlds of media and business.’



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