Chime posts healthy interim profits rise

LONDON - Chime Communications today posted a pre-tax profit rise of 27.3 per cent for the first half of the year.

Tim Bell...chairman of Chime Communications
Tim Bell...chairman of Chime Communications

The company said that profits before tax were £8.2 million, compared to £6.4 million during the same period last year.

The company announced an interim dividend of 1.54p per share, up from £1.10 last year.

Lord Bell, chairman of Chime Communications, said: "Our businesses have started the second half of the year well and this, together with our continued emphasis on cost control, leaves us well placed to meet our expectations for the full year."

The results also showed revenues rose to £115.5 million from £94.81 million in the first six months of 2007.

Chime also announced it has agreed a new £32 million five year debt facility.