Wednesday May 14, 08:08 AM
Tangent Communications FY pretax profit 2.09 mln pounds vs 690,000 pounds
LONDON (Thomson Financial) - Tangent Communications Plc (LSE: TNG.L - news) . said its full-year pretax profit more than tripled, helped
by a 102 percent jump in its sales for the period.
The digital direct marketing business posted a pretax profit of 2.09 million pounds for the year to Feb. 29 2008, from 690,000 pounds a year earlier. Revenue more than doubled to 17.36 million pounds from 8.605 million pounds in the same comparison
The company has declared a maiden dividend of 0.2 pence per share.
Tangent said it is seeing growth in its technology-based and online activities and expects to see this growth offset any decline in its property business. It added it is experiencing growth in high-margin digital services such as e-commerce, websites, search marketing and email delivery.
Tangent said it is generally confident about the outlook for its business.
The company said it has appointed Greg Sean Jackson to its board as an executive director with responsibility for online strategy, effective immediately.
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