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Shares in STW Communications Group Limited (ASX:SGN) have fallen in morning trade after revealing at its Annual General Meeting (AGM) its performance is marginally behind the same period last year. 

 

The advertising and communications company has acknowledged it had a very tough year where it battled against challenging conditions and was disappointed with its performance. 

 

However, CEO Mike Connaghan says changes have already been made as the company continues to accelerate its strategic and structural review ahead of an update expected in June.  

 

Mr Connaghan believes there are significant opportunities to streamline the way STW goes to market, manages its cost base and drives organic revenue growth within the business. 

 

STW Communications Group reported a net profit of $57.39 million in the full 2014 calendar year.