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The mission continues to build in confidence, with increasing collaboration between group agencies, a strong and loyal roster of clients and a strengthening balance sheet. As usual, profits will be strongly weighted to H2, aided by the RJW acquisition in April and some of the group’s start-up initiatives moving into profit. Outstanding acquisition liabilities should be comfortably met from net cash flow and the interim dividend has been lifted by 10%. Mission’s shares continue to trade at an unwarranted and substantial discount to its peers.

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