Aeorema Communications posts first-half loss owing to staff costs

14:43 25/03/2019
StockMarketWire.com - Live events agency Aeorema Communications posted a first-half loss, pinned on the hiring of new staff.

Pre-tax losses for the six months through December amounted to £141k, compared to losses of £150k on-year, even as revenue rose 7% to £2.0m.

'The first half loss was anticipated due to recruitment costs and increased salaries,' said chairman Michael Hale.

'This investment is already producing results and creates a structure for growth.'

'It is customary for Aeorema's revenues to be second-half weighted and anticipated and committed second half revenues are strong which gives the board a good level of confidence that the company will deliver full year results in line with market expectations.'

At 2:43pm: (LON:AEO) Aeorema Communications share price was -4p at 26.5p


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