Production services company Wellcom reports revenue growth following international wins
Production and marketing services agency Wellcom has announced a 5% profit increase along with a special dividend to shareholders in its half yearly results announced yesterday.
The Melbourne-based, ASX listed production company with operations in the UK and North America recorded a 3% revenue improvement to $75.87 million as it looks to sell its technology platform into international markets.
Established in 2000 by current chairman Wayne Sidwell, Wellcom provides print, video and digital production services from its Australian, South East Asian and US offices.
The company has creative services and media agency arms along with its Knowledgewell software platform, which automates the production of marketing collateral.
For the current half year, the company reported a 5% increase in earnings before interest, taxes, depreciation, and amortization (EBITDA) to $10.36 million on revenues of $75.87 million. The results of international operations were not broken out of the group’s accounts.
Wayne Sidwell, chairman of the Wellcom Group said in a media announcement: “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 Knoweldegwell technology in an overseas market with Tesco (UK). We continue to have a very positive outlook for the Group’s services, with strong prospects in all key markets.”
Along with a payout of 10 cents per share, the company declared a fully-franked special dividend of 25 cents per share to return a portion of surplus capital and excess franking credits.
Best marketing services business in the country x far
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For any company it is the best news they discover. For the employees of Wellcom that what what they work for. Why this happens? It is all due to the proper management strategy that wellcom followed.
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It’s a great initiate and we have to really appreciate Well-com for such achievements
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