26 July 2012 – interim results
Encouraging results have been released by marketing services provider Communisis. Turnover was 15% higher at £112.6m and adjusted earnings per share, excluding exceptional items, rose by 13% to 1.94p (H1 2011: 1.71p). The interim dividend was lifted to 0.55p (2011: 0.50p).
Our previous advice was to take profits at 39.125p at the start of March. Since then the share price has slipped back to a level where we believe that there is now potential for strong recovery. We now rate the shares as a BUY.