AGM Statement (1585N)
August 30 2011 - 2:00AM
UK Regulatory
TIDMTNG
RNS Number : 1585N
Tangent Communications PLC
30 August 2011
30 August 2011
Tangent Communications plc ("Tangent" or the "Company")
AGM Statement
Tangent, announces that at its Annual General Meeting, to be
held at 9.00am today, Piers Caldecote, Chairman of Tangent, will
make the following statement:
"Trading in the first five months of the current financial year
is in line with management expectations. Profits are slightly ahead
of performance in the same period last year, albeit with lower
revenues which exclude the one off General Election campaign
contribution. Group prospects in the seasonally lower second half
period remain promising.
As anticipated, net profit margins have continued to improve
across the business. The project, license and consultancy fees from
the merged Tangent Snowball marketing business have increased now
representing over 70% of its revenues. Print revenues are likely to
be lower than 2010 however the margin contribution will be higher
as diminishing revenues from volume direct mail are replaced by
higher value short run products and reduced costs of
production".
For further information, please contact:
Tangent Communications plc
Timothy Green 020 7462 6100
Collins Stewart
Matt Goode / Ileana Antypas 020 7523 8350
About the Company:
Tangent is a leading integrator of technology and marketing
strategy, with industry leading digital print facilities. Tangent
employs 230 people across four locations in London, Newcastle,
Cheltenham and Melbourne and is traded on AIM (AIM: TNG).
For more information please visit www.tangentplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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