Motivcom releases 2011 full year results

Motivcom, parent company of event management businesses including P&MM, AYMTM, Goldserve and Zibrant, has released its full year results for 2011 which show gross profit up six per cent.
 
The gross profit of £29.5m represented an almost immediate return from £3m invested in new IT technology and two strategic acquisitions. The group also has £5m in net cash reserves, and dividends to shareholders increased by 25 per cent year on year.
 
The events division maintained its 2010 level of permance, contributing 55 per cent of the group’s gross profit. Nigel Cooper, Managing Director of the events division said: “ 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 permance is a tremendous tribute to everyone in Motivcom.”
 
Do you have a news story for CN? Email: vcarley@mashmedia.net