Next Fifteen Communications Group share price closes up after digital communications company reports boost to profits and revenues for full year ended January 2016

 
Hayley Kirton
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Good times for Next Fifteen, said the chairman (Source: Getty)

Share price in Next Fifteen Communications Group closed up today after the digital marketing company reported a boost to both its profits and revenues in its most recent set of results.

The company announced that its profits before tax had grown to £16.1m for its year ended January 2016, up 28.8 per cent compared with £12.5m the year before, while revenues had increased to £129.8m, up 18.9 per cent compared with £109.2m.

"These are good times for Next Fifteen," said Richard Eyre, chairman of Next Fifteen. "Organically and through acquisition, we have built a strong portfolio of modern, technology-driven marketing businesses."

Next Fifteen also won some notable new clients during the year, including Oculus, Moneysupermarket.com, and Etsy, while also acquiring Encore, IncrediBull, and ODD.

Eyre added: "Taken with these results and encouraging current trading, your board has confidence that the current financial year should also be a year of progress for the group."

Shares in the Aim-listed company closed up 5.8 per cent at 254.5p.

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