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Next Fifteen Communications – a rather more major profit warning & FD ‘steps down’

By Steve Moore | Thursday 31 October 2013


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


On 3rd September international PR and marketing services group Next Fifteen Communications (NFC) updated that for its year ended 31st July 2013 it “expects to report record revenues in line with management expectations while adjusted profits will be modestly below the previous year, following continued restructuring at Bite and investment in the group’s digital capabilities”. The following updates as the company has now revealed “that as a result of audit adjustments that relate to issues in its Bite agency, its profits for the 2013 financial year will fall materially short of market expectations”.



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