LONDON—Next Fifteen Communications Group, the international public relations consultancy group that is parent to U.S. public relations firms Text 100, Bite Communications and Outcast Communications, reported record profitability and revenues for the six months to 31 January 2006 and hailed a turnaround in the PR sector that has seen revenues rise above their peak during the dot-com boom of the late 90s.
The company reported revenues up 29.6 percent to £26.5 million; adjusted profit before tax up 22.4 percent to £1.8 million; and adjusted earnings per share up by 17.6 percent to 2.47p.
Tim Dyson, chief executive, told reporters that like-for-like revenues at Next Fifteen agencies—which also include August.One in the U.K.—were higher than they were before the collapse of technology stocks. “You are getting healthy top line growth again,” he said. “Everyone thought it would take a lot longer.”
Dyson also said Next Fifteen would be looking to make acquisitions in North America, Asia, the U.K. and Germany. The firm recently increased its stake in Lexis Public Relations, a U.K. consumer public relations firm.