19th Nov 2020 17:33
(Alliance News) - Next Fifteen Communications Group PLC on Thursday said that it anticipates its results for the year ending January 31, 2021 to be ahead of current market expectations.
For the three month period ended October 31, Next Fifteen's revenue is expected to be up by approximately 7% compared with the same period as last year, while the operating profit margin also has shown solid growth versus 2019.
The group's good performance had been led by its business-to-business technology focused agencies such as Activate, Twogether and Agent3 and also has seen a recovery from its business to consumer agencies MBooth and Savanta.
Next Fifteen's US revenue had modest growth in the period, which contributed to an overall revenue decline of 3% during that period, compared to a 6.6% decline experienced in the first half of the financial year.
Next Fifteen stated: "We remain cautiously optimistic about trading as we enter the final quarter of our financial year and will continue to manage our cost base with care in what is still a highly uncertain general economic environment."
Shares in Next Fifteen closed down 0.8% at 502.00 pence in London on Thursday.
By Zoe Wickens; [email protected]
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