Wellcom announces 33% climb in profit as it prepares for sale to Innocean
Creative production and digital marketing services company Wellcom has announced a 4% increase in statutory revenue to $160.95m, and a 33% uplift in profit after tax from continuing operations to $15.6m.
The news comes three weeks after the company announced it had entered into a Scheme Implementation Deed with Innocean Worldwide, which will see Innocean acquire 85% of the issued share capital of Wellcom for $6.70 per share.
Wellcom’s financial results (Click to enlarge)
The Scheme Consideration values Wellcom at $265.8m on a fully-diluted basis.
