ASX-listed marketing and creative service company Wellcom increased its 1HY revenue by 3 per cent from the pcp, recording $75.8m for the period ending December 31.

The Australasia segment of the business recorded $52m in revenue, holding steady from the pcp result, with the UK accounting for $8.2m, falling from the previous year, and the US for $16m, a $4m improvement from the pcp.

Profit after tax from continuing operations for the HY was $5.96m, up 5 per cent from $5.7m in the pcp, while EBITDA increased 5 per cent from $9.8m in the pcp to $10.3m.

Earnings before interest and tax (EBIT) for the Group rose by 5 per cent to $8.9m from $8.47m and net profit after tax from continuing operations increased by 5 per cent to $5.9m from $5.69m.

Gross profit was $43.6m, up from $40.8m in the pcp.

Wayne Sidwell, chairman, Wellcom Group says, “We are pleased to report a result reflecting a 5 per cent increase in earnings per share. The first half of the financial year has included the establishment of a full-service creative studio for Countdown (NZ), together with the first significant implementation of our Knowledgewell technology in an overseas market, with Tesco (UK). We continue to have a positive outlook for the Group's services, with strong prospects in all key markets."

Wellcom attributes its success to new business wins, including J.C Penney and Red Lobster in the US, and Tesco in the UK. This time last year, the closure of Dick Smith had impacted the company’s bottom line negatively.

Wellcom also owns Wellcom Moving Images, and print management company iPrint Corporate in Australia. The company also operates across Singapore, Malaysia, Hong Kong alongside the US and UK.

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