25th Sep 2018 11:50
LONDON (Alliance News) - Next Fifteen Communications Group PLC on Tuesday reported a doubling in interim profit, as strong billings growth drove an increase in revenue.
For the six months to July 31, the digital communications firm posted pretax profit of GBP10.3 million, compared to GBP5.2 million a year prior.
Billings increased to GBP135.6 million from GBP113.9 million, with revenue coming in at GBP127.9 million from GBP108.5 million.
Next Fifteen has also reported adjusted results, which it said exclude some acquisitions and disposals and better reflect the company's performance.
Next Fifteen's adjusted net revenue climbed 14% to GBP106.8 million, with adjusted pretax up rising 26% to GBP15.1 million.
The company has boosted its interim dividend by 20%, to 2.16 pence per share.
Looking ahead, Next Fifteen is confident in its recent trading and said the prospects for its second half "remain good". As a result, the firm expects to meet expectations for its year ending January 2019.
Chairman Richard Eyre said: "The pace of change in the marketing sector has shown no sign of slowing. Companies are increasingly focused on how consumers experience their brand through digital channels and especially mobile platforms.
"Next 15 remains committed to building and buying businesses that understand how to take advantage of these platforms, using technology and data to design and manage marketing programs. Our strong growth in the first half of the year is evidence of an effective strategy which we believe will continue to drive shareholder value."
Shares were 4.8% lower on Tuesday at a price of 534p each.
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