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Cheerful Scout's pre-tax profit rises 57%, Seymour Pierce issues buy note

Cheerful Scout (LSE: CLS), the multimedia group that produces DVDs, films, and videos and arranges corporate events, announced pre-tax profits up 57% to £116k (2005:£74k0 for the 6 month period ending December 31, 2006. Despite group turnov

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Cheerful Scout (LSE: CLS), the multimedia group that produces DVDs, films, and videos and arranges corporate events, announced pre-tax profits up 57% to £116k (2005:£74k0 for the 6 month period ending December 31, 2006.

Despite group turnover being slightly below last year, Cheerful Scout said that its focus on higher margin DVD production had reaped benefits. House broker Seymour Pierce issued a buy note, saying that Cheerful Scout had the potential to double its share price in the next two years.