Advertising creative house Wellcom lifts profit by a third

By Chris Pash | 20 August 2019

Australian ASX-listed advertising creative production house and digital marketing services group Wellcom lifted full year profit by 33% to $15.6 million.

Revenue for the year to June was up 4% to $160.95 million. 

The company is under a takeover offer from South Korean marketing group Innocean Worldwide, at $6.70 a share cash, valuing the company at $265.8 million.

Under the takeover deal, founder and chairman Wayne Sidwell, will retain his 15% of the company.

The company declared a fully franked final dividend of 11 cents a share and a special dividend of 10 cents. 

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