Next Fifteen Communications Group has announced a 42% rise in its pre-tax profit for 2011.
The group, which saw its year end on 31 July, reported pre-tax profits of £7.5m, rising from £5.3m last year, while its turnover increased by 19% of the previous year to £86m.
The rise in turnover and profit comes after the group focused its offering on digital, including the acquisition of Bourne in the UK, as well as 80% of CMG Worldwide and 85% of Blueshirt Group.
Chairman of Next Fifteen, Richard Eyre, said: “Next Fifteen Communications Group plc (“Next 15” or “the Group”), a worldwide digital communications group, has had a memorable year. The Group has achieved record revenues and profits underpinned by its early transition to digital services in its PR businesses. Digital is giving the group access to new revenue streams and helping to deliver strong growth in North America and Asia. During the year Next 15 further expanded its digital offering and strengthened its corporate business, through targeted acquisitions. Against a backdrop of geopolitical turmoil Next 15 has delivered strong top and bottom line growth, with a balance sheet that is both robust and sustainable.”