|Motivcom plc (parent company to P&MM Ltd) today announced to the London Stock Exchange its full year results for 2011. Gross Profit increased 6% to £29.5m showing an almost immediate return after investing over £3m in new IT technology and two strategic acquisitions. The group also has a very healthy balance sheet with in excess of £5m in net cash reserves. Dividends to shareholders increased by 25% year on year.
The events division maintained its 2010 level of performance contributing 55% of the group’s gross profit and Nigel Cooper, Managing Director of the events division comprising Zibrant, P&MM Events & Communications and AYMTM commented
“I am delighted with this result in what has been a tough trading environment for all sectors of the economy. Yet again we have proved that our teams are delivering essential business and marketing solutions for our clients with strategic vision and flawless execution. I believe our teams embrace change and adapt to market conditions with remarkable dexterity and our performance is a tremendous tribute to everyone in Motivcom.”
“In these volatile global economic conditions the depth of experience and quality in every division of our business reassures me that we will continue to deliver growth.”