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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Aeorema Communications Plc | LSE:AEO | London | Ordinary Share | GB00B4QHH456 | ORD 12.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 61.50 | 58.00 | 65.00 | 61.50 | 61.50 | 61.50 | 7,828 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Television Broadcast Station | 20.23M | 757k | 0.0794 | 7.75 | 5.87M |
TIDMAEO
RNS Number : 0676C
Aeorema Communications Plc
18 February 2022
The Information communicated within this announcement is deemed to constitute information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
Aeorema Communications plc / Index: AIM / Epic: AEO / Sector: Media
18 February 2022
Aeorema Communications plc ('Aeorema' or 'the Company' or 'the Group')
Trading Update
Aeorema Communications plc, the AIM-traded live events agency, is pleased to announce an update on trading for the first half of the current financial year.
Aeorema has benefitted significantly from a strong performance from its U.S. office, which opened during September 2020. The office continues to grow and win new U.S. based clients to complement the Company's existing multi-national blue-chip client base. Moreover, Aeorema's shift since 2020 into providing virtual online conferences and events has experienced high levels of demand, and the provision of consultancy services has further enhanced its performance for the period.
Aeorema now expects to report revenues of no less than GBP4.9 million for H1 2022 (H1 2021: GBP1.67 million), exceeding the previously reported revenue expectation of GBP4.5 million for the period as previously announced on 14 December 2021. As a result of this record performance, profits before tax of no less than GBP235,000 (H1 2021: Loss before tax of GBP287,676) are anticipated representing the first profitable H1 in a number of years.
The prospects for the second half of 2022 remain favourable and the Company is confident that it will continue this trajectory into H2 2022.
Steve Quah, CEO, commented: "I am delighted to report our best performance yet during the first half of this financial year, far exceeding our expectations for the period. This is especially positive to see following the transitional period for the Company last year, having opened our first office in New York and started to provide consultancy services to our clients, alongside our existing offering. It is encouraging to see the success of this shift in strategy and I look forward to seeing it grow further."
*ENDS*
For further information visit www.aeorema.com or contact:
Aeorema Communications Mike Hale plc +44 (0)20 7291 0444 John Depasquale / Liz Kirchner (Corporate Finance) Allenby Capital Kelly Gardiner (Sales Limited (Nominated and Corporate Broking) Adviser and Broker) +44 (0)20 3328 5656 Catherine Leftley/ St Brides Partners info@stbridespartners.co.uk Selina Lovell Ltd (Financial PR)
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END
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(END) Dow Jones Newswires
February 18, 2022 02:00 ET (07:00 GMT)
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