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Acquisitions Boost Optimisa Half-Year Results
London-based Optimisa has almost doubled its interim profit, posting a pre-tax profit of £780,000 for the six months ended 30 June, up from £415,000 a year ago, on turnover 68% higher at £4.7 million.
This increase follows the acquisition of nxtMOVE and Andrew Irving Associates in 2006 (www.mrweb.com/drno/news5995.htm ) and national and international media content analysis firm Report International in May of this year (www.mrweb.com/drno/news6744.htm ).
In a statement, Chairman Ron Littleboy commented: 'We continue to seek acquisitions, which will meet our strict investment criteria, which include the requirement that any acquisition is earnings enhancing in the first full year.'
He added: 'The excellent results for the six months to end June 2007 reflect the continuing success of our strategy of investing heavily in the off-peak second half of 2006 to produce well-above average organic growth in 2007.'
Gross profit for the half year was £3.5 million, up 60% on last year's figure.
AIM-listed Optimisa reported healthy results at the end of March (www.mrweb.com/drno/news6619.htm ) and says it is seeking further acquisitions initially in the UK, but also in the US, Asia and Latin America. The firm describes itself as a marketing firm positioned between large management consultancies and traditional market research, market intelligence and business intelligence providers.
The Group is online at www.optimisaplc.com and currently comprises kae: marketing intelligence (www.kae.com ), nxtMOVE (www.thenxtmove.com ), Andrew Irving Associates (www.aiaresearch.com ) and Report International (www.reportinternational.com ).
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