Cello Group

Cello Group posts half-year pre-tax profit of £3.5m as Cello Consumer sees recovery


By Stephen Lepitak, -

September 18, 2013 | 2 min read

Marketing group Cello, parent company of Tangible Group, has posted a half-year pre-tax profit of 11 per cent at £3.5m with Cello Consumer's performance recovering following a refocus introduced last year.

Cello Health saw a pre-tax profit of £3,739m during the first half of 2013, while Cello Consumer delivered pre-tax profit of £1,216m, with the group claiming to benefit from its investment in innovation and digital while it continues to grow its international presence with offices opening in Chicago, Los Angeles and Hing Kong.

It also claimed that its Singapore office, opened in 2012, had now begun to turn a profit also.

Mark Scott, CEO of Cello, commented: "The refocusing of the Group last year into Cello Health and Cello Consumer has begun to demonstrate its potential to deliver strong performance. The Group had an excellent first six months of the year in both overseas and domestic markets. We look forward to continued progress in the second half and a strong full year outcome."

In January, the group acquired Mash Healthcare, which became part of Cello Health.

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