Gold Greenlees Trott Announce 10% Increase In Profits

GGGT Group plc has announced results for the 6-months ending 31 October 1995. Pre-tax profits were up 9.6% year on year to £2.9m. Turnover was up by 8.5% to £156.0m.

Michael Greenlees, Chairman and CEO said, “Notwithstanding the slow recovery in the UK market the Group continues on course … In the UK increases in client spend have been patchy with some spend being cancelled altogether. This has particularly affected our below the line business where first half performance was less than expected.”

Account wins over the period were Crown Paints, Slumberland, Turtlewax, John Smiths Bitter, Cadbury Wispa, Cadbury Dairy Milk and UK Gold. Losses were Stena Sealink and the Post Office Counters business.

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