Archant reported interim results today. Operating profit before amortisation of intangible assets and exceptional items was up by £1.6m (80.9%) at £3.5m whilst total revenue declined by £3.1m to £63.3m (down 4.7%) in the half year to 26 June 2013.
The Chairman of Archant commented that the group: “I am pleased to report that at the half year stage we continue to meet our cash and profit targets, with operating profit well ahead of the same period in 2012. Operating profit before amortisation, impairment and exceptional items showed a significant improvement, up 80.9% at £3.5m (2012: £1.9m)… This performance was achieved through strong cost control against a backdrop of difficult trading conditions. Whilst there is some evidence of a strengthening economy we have seen little of this in the consumer markets which we serve.
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