- 13 per cent earnings beat
- Closing net cash above forecast
London-based social and digital media group Brave Bison (BBSN:2.6p) has delivered a resilient trading performance and outperformed full-year guidance.
Buoyed by a pick-up in activity in the autumn when the group announced £4mn of account wins with a Finnish homeware retailer, Dutch car parts retailer and a national electrical retailer, full-year pre-tax profit surged from £2.6mn to £3.6mn, or £0.5mn higher than house broker Cavendish forecast. It’s a more profitable business, too, as the 23 per cent rise in full-year gross profit to £20.8mn significantly outpaced the 12 per cent growth in full-year revenue of £35.5mn.