Disappointing first half for Aeorema Communications

The AIM-traded live events agency reported pre-tax profits of £80,476 - down from £101,316 - on turnover of £1.59m - a reduction from 2014's £1.66m.

"As we stated in our annual accounts, the marketplace remains competitive and the results for the first six months of the current trading year reflect this environment", said chairman Michael Hale.

"Notwithstanding this, given the market position of the Cheerful Twentyfirst brand, we continue to believe that the second half of the year should be stronger than the first half."

Hale said the company was focusing on keeping costs down and innovating, as it was working with a number of new clients.

"Existing clients have, in some cases, lowered budgets or cancelled events. The new website is opening up opportunities and we are embracing social media as a marketing tool, with good results", he added.

Aeroema Communications had total cash of £1.37m at the end of the period.