Interim results released by Incepta this week show that the
Citigate Communications Group has beaten its target of pounds 3 million
profits to the year end August 1997. This target was set at the time of
the reverse takeover in March and means that a deferred consideration of
45 million shares can now be released from Incepta to Citigate. The
enlarged Incepta group reported turnover of pre-tax profits of pounds
2.6 million, on turnover of pounds 43.1 million. Citigate’s public
relations business notched up a turnover of pounds 8,132,000 and pre-tax
profits of pounds 830,000.
