Next Fifteen Communications says that the PR market remains strong.
The international PR business is trading in line with expectations. The technology market is strong and new clients, including Sybase, Autodesk and Lawson, were won in the second half.
Underlying profits are expected to be £6.3m but there will be hedging write downs that will affect the reported figure. Net cash is expected to be £2.7m.
Next Fifteen has reported good underlying figures over the past year or so but this hasn’t been reflected in the share price, which has declined. The PR market as a whole continues to prosper.
The shares improved 3p to 44p, which values Next Fifteen at £23.4m.
The full year results to the end of July 2008 will be published on 14 October 2008.
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