Next Fifteen Communications Group share price closes up after digital communications company reports boost to profits and revenues for full year ended January 2016
Share price in Next Fifteen Communications Group closed up today after the digital marketing company reported a boost to both its profits and revenues in its most recent set of results.
The company announced that its profits before tax had grown to £16.1m for its year ended January 2016, up 28.8 per cent compared with £12.5m the year before, while revenues had increased to £129.8m, up 18.9 per cent compared with £109.2m.
"These are good times for Next Fifteen," said Richard Eyre, chairman of Next Fifteen. "Organically and through acquisition, we have built a strong portfolio of modern, technology-driven marketing businesses."
Next Fifteen also won some notable new clients during the year, including Oculus, Moneysupermarket.com, and Etsy, while also acquiring Encore, IncrediBull, and ODD.
Eyre added: "Taken with these results and encouraging current trading, your board has confidence that the current financial year should also be a year of progress for the group."
Shares in the Aim-listed company closed up 5.8 per cent at 254.5p.