27th Jan 2016 10:13
LONDON (Alliance News) - Next Fifteen Communications Group PLC Wednesday said revenue rose significantly in the first eleven months of the current financial year and said trading continues to be in line with expectations.
The digital communications group said revenue in the first eleven months of the financial year due to end on January 31 rose 19% year-on-year to GBP118.0 million, and trading looks set to meet expectations for the full year.
Momentum remains strong in the US and the UK in particular, thanks to the increased proportion of revenues now derived from digital products and services, it said.
Organic revenue in that eleven-month period grew 8.0%, with other growth coming from acquisitions. Next Fifteen acquired digital agency ODD Communications late in 2015, and the company plans on making further acquisitions in the first half of 2016.
The company will also invest in the expansion of some of its UK businesses as they look to enter the US market, it added.
Next Fifteen will publish its results for the financial year to end January 31 on April 12.
Next Fifteen shares were trading up 0.9% to 230.63 pence per share on Wednesday morning.
By Joshua Warner; [email protected]; @JoshAlliance
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