M&C Saatchi PLC (AIM:SAA) – profits in line but this one looks very fully valued
The advertising and marketing group came out with some decent results but this looks a quality AIM company that is surely fully valued at the moment
The results take a bit of breaking out and it’s worth looking at Note 3 for a breakdown, with the headline numbers, stripping out Goodwill impairment and various amortisation numbers as follows: Revenue was up 5% to £169.4m, operating profit up 17% to £16.0m and earnings per share up 28% to 15.88p in line with expectations. The full year dividend was lifted 15% to 6.27p slightly better than expected.
The reported numbers look less…
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