28th Jun 2016 09:02
LONDON (Alliance News) - Next Fifteen Communications Group PLC said it is in a good position to deliver its expectations for its year to January 2017.
In a statement ahead of its annual general meeting, the digital communications company noted the recent volatility in the value of the pound following the UK's vote to leave the European Union. It said that, with around 75% of its revenue generated in other currencies, its results stand to benefit from the weaker pound.
Next Fifteen said the good start to its new financial year extended into the first four months.
It has seen strong organic revenue growth from its North American business, as well as continued revenue growth and margin improvements in the UK and Asia, as it works to simplify its non-US operations.
Three recent acquisitions are integrating well and making a growing contribution, and the company plans to expand these businesses into the US market.
Shares in Next Fifteen were up 3.3% at 241.25 pence.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
Copyright 2016 Alliance News Limited. All Rights Reserved.
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