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Next Fifteen says profits remain above expectations

In the three months to the end of April, like-for-like revenues were up by around 37% from the same period a year earlier

Next Fifteen Communications Group PLC (AIM:NFC) said recent trading has continued to be strong, helped by the strength of the US dollar.

For the three months to 30 April 2022, total revenues increased by around 68% year-on-year to £130mln, with organic revenue growth of about 37%.

Adjusted profit before tax remains ahead of management expectations, the digital marketing group revealed.

Next Fifteen said Paul Butler has been appointed as a non-executive director, adding further US experience to the board.

Butler is currently the president and chief transformation officer at New America, a US-based think tank founded in 1999.

“Paul is a great addition to our board, adding complementary experience in consultancy and transformation which is highly relevant as we continue to utilise technology and data as a growth consultancy. In addition to the recent appointment of Dianna Jones to the board, Paul also brings knowledge and understanding of the US market, which remains a key market for us,” said Penny Ladkin-Brand, the chair of Next Fifteen.

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