(Reuters) – British market research firm Cello Group Plc (CLL.L) said it would show double-digit operating profit growth in the first half, driven by rising income from its international blue-chip client base, particularly from the United States. The company, which carries out direct marketing campaigns and user satisfaction surveys, said it had good revenue visibility for the next quarter and that it was optimistic for a good full-year outcome.
Cello said income from UK clients had held up well, with several notable private sector wins.
However, there are likely to be further declines in UK public sector income over the coming months as expected, it said.
“The like-for-like income growth achieved, combined with a lower cost base as a result of proactive action taken in 2009, are expected to lead to a healthy improvement in profitability in 2010,” the company said in a statement.
Cello Group shares were indicated up 1.4 percent at 36 pence at 0642 GMT. (Reporting by Tresa Sherin Morera in Bangalore; Editing by Unnikrishnan Nair)