News

Preliminary Announcement of Annual Results for the year ended 30 June 2007

26 November 2007

Ekay PLC ("Ekay" or the "Company") announces its results for the year ended 30 June 2007. Ekay is an advertising and marketing agency based in the UK and the Channel Islands which specialises in advising clients on the use of television, national and local press, magazines, the internet, direct mail and posters for business development purposes.

Highlights

• Turnover increased by 35% to £49.3m (2006: £36.4m); Loss for the year of £1.8m (2006: profit of £638,914), of which £1.7m was caused by exceptional items and discontinued activities, primarily in respect of specific bad debt provision
• Profit on continuing operations, after adjusting for employee share option charge
• Acquisitions of Wallace Barnaby and Campaign Management Associates
• Ekay now a top ten regional advertising and marketing agency
• Range of services continues to grow
• With continued diversification into new industry groups to improve quality of earnings
• Cash-generative in spite of loss; £1.6m of cash on balance sheet
• Announced today: Appointment of Mike Lording, Finance Director, to the Board

Eddie Powell, Chief Executive, commented:

"The business has significantly grown over the last year through acquisition and diversification into new industry sectors. Our plan is to become the largest regional advertising agency in the UK.

"We look forward to the further development of the Group in terms of its aims of growing its customer base through organic and acquisitive means."

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