Incepta design groups boost half year profits

International marketing and communications group Incepta has reported an 85 per cent increase in gross profits in its interim results for the half year ending on 31 August.

Incepta’s design and publishing division, which includes Citigate Lloyd Northover, Citigate Publishing and Los Angeles-based Citigate Bass Yager produced a rise in gross profits of 35 per cent, increasing from just over £3m in 1998 to £4.1m this year.

In addition to this, the PR, advertising and marketing communications divisions achieved “significant growth”, according to Incepta group chairman Bob Morton.

Released on Tuesday, the results show gross profits of £36.8m, up from £19.9m a year earlier. Turnover was also up by more than half, producing £76.7m for this year, £26.3m more than the 1998 half year results.

Incepta chief executive David Wright says: “We have had another excellent half year, with our reputation continuing to grow across world markets. These results are a testament to the quality of both operational and financial management across the Group. With a strong start to the second half, we are well positioned to continue our growth.”

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