Business
Interim Results
Interim Results.
About this update from Next 15 Group Plc
[{"type":"text","content":"\n Next Fifteen Communications Grp PLC\n17 April 2007\n\n\n\n17 April 2007\n\n\n \n Next Fifteen Communications Group plc\n\n Interim results\n\nNext Fifteen Communications Group plc (\"Next Fifteen\" or \"the Group\"), the\ninternational public relations consultancy group, today reports record\nprofitability and revenues for its financial results for the six months to 31\nJanuary 2007.\n\nFinancial highlights:\n\n •Revenues up 11% to £29.4 million (2006: £26.5 million)\n •Adjusted profit before tax increased by 53% to £2.6 million (2006: £1.7\n million)\n •EBITDA up 41% to £3.6 million (2006: £2.5 million)\n •Adjusted earnings per share rose by 47% to 3.36p (2006: 2.28p)\n •Interim dividend increased 9.6% to 0.4p (2006: 0.365p)\n •Adjusted operating profit margin before net central costs increased to\n 12.2% (2006: 10.9%) following a reduction in staff costs to 68.8% of revenue\n (2006: 70.2%)\n\n Corporate progress:\n •Strong overall performance by the Group's technology and non-technology\n businesses; growth of existing client revenue and significant new client\n wins including Boots, Cisco, Raytheon and Polycom\n •Growing revenue contribution from the Group's new \"Clean Technologies\"\n practices which focus on \"green\" technology clients including those in the\n bio fuels sector\n •Organic revenue growth in Asia up 11%; helped by launch of Vox PR and a\n new Text 100 office in Kuala Lumpur\n •Stake in Lexis Public Relations increased to 76%, further strengthening\n the Group's presence beyond the technology sector. Remaining equity to be\n purchased over the next three years\n •UK business has performed well with Lexis revenue consolidated, and 12%\n growth in Bite London following the successful integration of Credo\n •OutCast, acquired in June 2005, continues to perform strongly with\n revenue growth of 22% in $ terms\n •Post-period end, successful merger of August One and Text 100 businesses\n to strengthen Text 100's consumer and technology offering.\n\nCommenting on the results, Will Whitehorn, Chairman of Next Fifteen, said:\n\n\"Overall, the Group has generated strong results for the period and continues to\nmake good progress. The Group is well placed to expand its business further due\nto its operations in high growth markets such as China and India and its\noperations in North Am...