Access Intelligence shares up on major contract wins

Access Intelligence (LON:ACC) shares edged up on Tuesday morning, after posting a 10 percent rise in revenues and reducing losses for the full year.

The PR firm reported a 12.7 percent increase in annual contract value in the six months through June, lending a 10.3 percent boost to revenues. Earnings (EBITDA) loss from continuing operations was reduced to £0.28 million from £0.87 million previously.

The group won over some key clients in the first half, including Carlsberg, Dyson, The Football Association, Honda and Qatar Airways.

Gross profit from continuing operations increased by 12 percent year-on-year to £2.83 million, despite increase investment in its Vuelio media database platform.

“More and more communicators want to use the Vuelio platform to gain workflow efficiencies and ensure they get essential intelligence and information from all sectors, including the media, social media and public affairs,’ said Michael Jackson, non-executive Chairman.

Trading performance continued in line with the board’s expectations for the current financial year, the company said.

Shares in Access Intelligence, a PR and reputation management firm based in London, are currently up 0.98 percent at 5.15 (1101GMT).