News: STW H1 profit firms, eyes growth

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STW Communications Group Limited (ASX:SGN) has managed to lift its first half profit by 1 per cent with an eye to extend the gains in the full year. 

 

The advertising and communications company says conditions have been tough and that sliding consumer confidence and advertiser spending is weighing on earnings.

 

Revenue for the company was up 5.3 per cent to $188.3 million.

 

CEO Michael Connaghan says he is confident for a much stronger second half with a focus on cost cutting to drive revenue growth as well as evolving capabilities in technology and channel delivery.

 

An interim dividend of 3.3 cents per share fully franked has been declared.