SpaceandPeople has enjoyed success with units in train stations, such as St Pancreas in London
SHARES in shopping mall marketing firm SpaceandPeople surged nearly six per cent as the firm reported a profit of more than £173,000 for the six months ended June 30.
The Glasgow-based company, which lost £174,000 at the same stage last year, said it was seeing the benefits of a restructuring it undertook at the end of a turbulent 2016.
Chief executive Matthew Bending said that the overhaul, which resulted in a headcount reduction, and sales software upgrades have allowed it to cut costs and improve productivity. The firm’s UK promotions arm made a profit of £489,000, up from £385,000, boosted by a Network Rail contract.
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