NFC18 Oct 2011 08:37
Preliminary results for the year ended 31 July 2011 (unaudited)
Next Fifteen Communications Group plc (‘Next Fifteen’ or ‘the Group’), the worldwide digital communications group, today announces its results for the year ended 31 July 2011.
Financial highlights:
Revenues increased by 19% to £86.0m (2010: £72.3m)
Profit before tax increased by 42% to £7.5m (2010: £5.3m)
Adjusted profit before tax increased by 27% to £8.4m (2010: £6.6m) (see note 3)
Basic earnings per share increased by 35% to 9.10p (2010: 6.75p) (see note 8)
Diluted adjusted earnings per share increased by 16% to 8.74p (2010: 7.53p)
EBITDA increased to £10.7m from £8.4m in the comparative period
Recommended final dividend of 1.535p per share (2010: 1.375p), raising the total dividend by 11% to 2.05p (2010: 1.85p)
Net debt of £1.6m (2010: £0.9m) (see note 9) following £6.1m (2010: £5.1m) of acquisition related payments in the year
Corporate progress:
Acquired 85% of Blueshirt Group LLC, an investor and media relations company based in San Francisco serving the technology sector
Acquired 80% of CMG Worldwide Limited, a digital agency trading as ‘Bourne’ within the UK and US markets
Beyond acquired 100% of UK based Type 3 Limited and US based Type 3 LTD, two digital consultancies which have been integrated into Beyond, a digital consultancy in which the Group have a 51% interest
Acquired the trade and assets of two digital businesses operating in the APAC region to enhance the Bite Asia service offering
Won new retained clients including GE, Nokia, Disney Consumer Products, Broadcom, Open Table, Zynga, Informatica, Solazyme, Lytro