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Next Fifteen Communications Shares Drop 21% On Profit Warning; Exec Leaves

29th Oct 2013 09:32

LONDON (Alliance News) - Shares in public-relations company Next Fifteen Communications Group PLC were trading down 21% Tuesday after it warned that its profits for the full year will fall materially short of market expectations due to audit adjustments relating to issues at its Bite agency.

Revenues will remain in line with expectations, Next Fifteen said.

Finance Director David Dewhurst has stepped down, and the company said it will begin the search for a replacement, although Dewhurst has agreed to make himself available during the transition.

Shares in Next Fifteen were trading down 21% at 73.40 pence Tuesday morning, making it the biggest faller on AIM

By Hana Stewart-Smith; [email protected]; @HanaSSAllNews

Copyright 2013 Alliance News Limited. All Rights Reserved.


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