23/04/2008
Interim results for the six months ended 31 January 2008

Next Fifteen Communications Group plc ("Next Fifteen" or "the Group"), the international public relations consultancy group, today reports record profitability and revenues for its financial results for the six months to 31 January 2008.

Financial Highlights:

• Adjusted profit before tax up 9.3% to £3.08 million (2007: £2.81 million) (see note 3)
• Revenues up 3.3% to £30.4 million (2007: £29.4 million)
• On the basis of the average currency rates in the first half of 2007, revenue growth would have been up 4.7%
• Operating profit margins improved to 10.2% from 10.0% in the comparative period
• Adjusted earnings per share up 15.2% to 4.01p (2007: 3.48p) (see note 7)
• Interim dividend increased 12.5% to 0.45p (2007: 0.4p)
• Adjusted pre-tax margin before Head Office costs increased to 15.1% (2007: 14.2%), with a reduction in relative staff costs to 67.1% of revenue (2007: 68.2%)
• Net cash of £0.4m, following strong cash conversion from operating profit
  

Corporate progress:

• Strong overall performance by the Group's technology and non-technology orientated consulting businesses; growth of existing client revenue and significant new client wins including Facebook, AMD, MTV, EQO and Belkin
• Organic revenue growth in US up 5.3%, in EMEA up 7.4%, in India up 22%
• After the period closed, ownership of Lexis Public Relations was increased to 87.15%, further strengthening the Group's presence beyond the technology sector. Remaining equity to be purchased within the next two years
• OutCast (acquired in June 2005), performed strongly with revenue growth of 18% in dollar terms
• Five-year agreement with Sun Microsystems

Commenting on the results, Chairman of Next Fifteen, Will Whitehorn, said:

"In generating strong results again for the first half the Group is continuing to make good progress"

"We are seeing a strong new-business climate in all the Group’s key markets and particularly so in the US, UK and mainland Europe.  We have expanded our relationships with a number of clients including Xerox, AMD and Barclays Premier League.  We have also added clients such as Facebook, MTV, EQO and Belkin."

"We remain optimistic about the PR market growth potential of both the high-growth markets such as India (where we have been established for 12 years) and China (where we are in our fifth year) as well as the more established markets such as the UK and US. The Group has not been affected by the turmoil in the Financial Services sector as a result of its strong focus on IT, where budgets remain healthy.  The Group is also benefiting from its strong positioning in social media, an area of marketing services that is expanding, as other areas, such as traditional advertising, decline.  We therefore remain optimistic about our growth potential and that of the PR market overall. The Board remains confident that the Group will continue to generate good organic growth, based on its sector focus and geographical reach."

For further information contact:

Next Fifteen Communications Group
Tim Dyson, Chief Executive
001 415 350 2801
David Dewhurst, Finance Director
07974 161183
Merlin
020 7653 6620
Anja Kharlamova
07887 884788

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16/10/2007
Preliminary Results for the Year Ended 31 July 2007 (Unaudited)

Next Fifteen Communications Group plc ('Next Fifteen' or 'the Group'), the global public relations consultancy group, today announces record preliminary results for the year to 31 July 2007.

Financial Highlights:

• Net revenues increased 5.8% to £59.3m (2006: £56m)
  
• Revenue growth in constant currencies of 11%
  
• Headline profit before tax increased 26.7% to £5.61m (2006: £4.44m)
  
• Profit before tax increased 49% to £4.47m (2006: £3.0m)
  
• Adjusted net profit margin improved to 9.5% from 7.9%
  
• Adjusted operating profit margin, before head office costs, increased to 13.7% (2006: 11.9%)
  
• EBITDA increased 33% to £7.25m (2006: £5.44m)
  
• Adjusted earnings per share increased 33% to 7.08p (2006: 5.32p)
  
• Basic earnings per share increased 78% to 5.08p (2006: 2.86p)
  
• Net debt reduced from £1.4m to £70,000
  
• Final dividend of 1.1p (2006: 1.0p), making a total dividend for the year of 1.5p (2006: 1.365p), up 10%
  

Operational highlights:

• Group added Facebook, Boots, Cisco, Nokia and MySpace as major clients
• Acquired a further 25% stake in Lexis Public Relations in November 2006, taking holding to 76%
• New market research agency, Redshift Research launched in the UK
  
• Opened Bite subsidiaries in China and Hong Kong

Commenting on the results, Will Whitehorn, Chairman of Next Fifteen, said:

'The global public relations industry is in a period of expansion as more and more media moves online and as social media such as blogs and phenomena such as MySpace and Facebook continue to attract users. Against this background and due to its strength in these areas, the Group has again shown excellent growth at both the top and bottom line. Behind these results are a stronger UK business; a reduced tax- charge; further expansion in Asia; and the addition of significant new clients including Facebook, Boots, Cisco, Nokia and MySpace. This has been achieved despite a further 9% weakening of the US dollar, in which 44% of our revenues are earned. Shareholders should also note the healthy cash generation of the business, which provides a firm base for further acquisitions by the Group in the current year.'

For further information contact:

Next Fifteen Communications Group
Tim Dyson, Chief Executive
001 415 350 2801
David Dewhurst, Finance Director
07974 161183
Merlin
020 7653 6620
Anja Kharlamova
07887 884788

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17/04/2007
Next Fifteen Communications Group plc ("Next Fifteen" or "the Group"), the international public relations consultancy group, today reports record profitability and revenues for its financial results for the six months to 31 January 2007.

Financial highlights:

• Revenues up 11% to £29.4 million (2006: £26.5 million)
• Adjusted profit before tax increased by 53% to £2.6 million (2006: £1.7 million)
• EBITDA up 41% to £3.6 million (2006: £2.5 million)
• Adjusted earnings per share rose by 47% to 3.36p (2006: 2.28p)
• Interim dividend increased 9.6% to 0.4p (2006: 0.365p)
• Adjusted operating profit margin before net central costs increased to 12.2% (2006: 10.9%) following a reduction in staff costs to 68.8% of revenue (2006: 70.2%)

Corporate progress:

• Strong overall performance by the Group's technology and non-technology businesses; growth of existing client revenue and significant new client wins including Boots, Cisco, Raytheon and Polycom
• Growing revenue contribution from the Group's new "Clean Technologies" practices which focus on "green" technology clients including those in the bio fuels sector
• Organic revenue growth in Asia up 11%; helped by launch of Vox PR and a new Text 100 office in Kuala Lumpur
• Stake in Lexis Public Relations increased to 76%, further strengthening the Group's presence beyond the technology sector. Remaining equity to be purchased over the next three years
• UK business has performed well with Lexis revenue consolidated, and 12% growth in Bite London following the successful integration of Credo
• OutCast, acquired in June 2005, continues to perform strongly with revenue growth of 22% in $ terms
• Post-period end, successful merger of August One and Text 100 businesses to strengthen Text 100's consumer and technology offering.

Commenting on the results, Will Whitehorn, Chairman of Next Fifteen, said: "Overall, the Group has generated strong results for the period and continues to make good progress. The Group is well placed to expand its business further due to its operations in high growth markets such as China and India and its operations in North America.

"Significant new client wins were achieved in both technology and non-technology sectors; these include Boots, Cisco, Raytheon and Polycom. Outcast, acquired in June 2005, performed exceptionally well, growing revenue by 22% in dollar terms. In addition, the Group has created practices in all three pf its US businesses (Outcast, Bite and Text 100) to service the rapidly expanding Clean Technology market in areas such as bio fuels.

"We remain optimistic about the growth potential of the PR market and, in particular, high growth markets such as India and China as well as more established markets such as the UK and US. Beyond the current financial year, the Board remains confident that the Group will continue to generate good organic growth given its sector focus and geographic reach. In addition, the Group is actively seeking selected acquisitions to expand its service offerings."

Chairman and Chief Executive's Statement

Next Fifteen is pleased to report once again record results for the six months to 31 January 2007. Revenues increased by 11% to £29.4m (2006: £26.5m) and earnings before interest, tax, depreciation and amortisation rose by 41% to £3.6m (2006: £2.5m). Adjusted profit before tax increased by 53% to £2.6m (2006: £1.7m). At the same time, adjusted earnings per share rose by 47% to 3.36p (2006: 2.28p). As a result of this strong performance, the Board has decided to increase the interim dividend by 9.6% to 0.4p (2006: 0.365p).

The Group's strategy remains focused on generating organic growth from its existing PR brands and supplementing this with targeted acquisitions that offer growth potential and complement the existing PR businesses.

Overall, the Group has generated strong results for the period and continues to make good progress. The Group is well placed to expand its business further due to its operations in high-growth markets such as China and India and its operations in North America. In India, we launched a new PR brand, Vox PR, as an alternative technology-focused business, with offices in Delhi, Mumbai and Bangalore. The growth from Vox PR and a new office for Text 100 in Malaysia helped grow APAC region revenues by 11%. Significant new client wins were achieved in both technology and non-technology sectors; these include Boots, Cisco, Raytheon and Polycom. OutCast, acquired in June 2005, performed exceptionally well, growing revenue by 22% in dollar terms.

In addition the Group has created practices in all three of its US businesses (Outcast, Bite and Text 100) to service the rapidly expanding Clean Technology market in areas such as bio fuels. Clients in this area include Novazone, Khosla Ventures, and PARC.

In November 2006, the Group acquired a further 25% of Lexis Public Relations, thereby increasing its holding to 76%. This adds to the UK revenue and profits and further strengthens the Group's presence beyond the technology sector. The remaining equity will be purchased over the next three years. The acquisitions of OutCast and Lexis have helped the Group reduce its reliance on key clients, with the top 10 clients now representing less than 40% of total revenue. The successful integration of Credo Communications into Bite London (acquired in December 2005) has helped the business grow by 12% in the first half of the year. Prospects

Shortly after the period-end, the Board decided to merge its August One business into Text 100 to strengthen Text 100's consumer technology and corporate PR services. This merger has gone smoothly and the expanded operations have already seen significant new business opportunities emerge as a result. The merger will result in some costs related to duplicated resources and office space in the second half. However, the Group remains fully confident of meeting its targets for the current financial year. Turnover growth has been held back again by an 8.2% weakening of the dollar over the first half of the year, and with 40% of the Group's revenue coming from the US this will also affect the second half. The impact on profit growth is significantly mitigated by matching dollar costs and some currency protection.

We remain optimistic about the growth potential of the PR market and, in particular, high-growth markets such as India and China as well as more established markets such as the UK and US. Beyond the current financial year, the Board remains confident that the Group will continue to generate good organic growth given its sector focus and geographic reach. In addition, the Group is actively seeking selected acquisitions to expand its service offerings.

Will Whitehorn
Chairman

Tim Dyson
Chief Executive Officer

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For further information:

Next Fifteen
Tim Dyson, Chief Executive
001 415 350 2801
David Dewhurst, Finance Director
07974 161 183

Merlin
020 7653 6620
Vanessa Maydon
07802 961 902
Anja Kharlamova
07887 788 4788

17/10/2006
Next Fifteen Communications Group plc ('Next Fifteen' or 'the Group'), the international public relations consultancy group, today reports record profitability and revenues for the year ended 31 July 2006.

Financial highlights:

• Net Revenue up by 30% to £56.0m (2005: £43.2m)
  
• Turnover growth of 44% in the US and 30% in the Asia Pacific region
  
• Group like-for-like organic turnover growth of 13.3%
  
• Headline pre-tax profit increased by 35% to £4.4m (2005: £3.3m)
  
• EBITDA grew 24% to £5.44m (2005: £4.38m)
• Adjusted earnings per share up by 17% to 5.25p (2005: 4.50p)
  
• Final dividend of 1.0p (2005: 0.9p), making a total dividend for the year of 1.365p (2005: 1.23p), up 11%
  

Corporate progress:

• Strong performance by the Group's technology and non-technology focused businesses; further growth of existing client mandates and significant new client wins
  
• Successful integration of Credo Communications in the UK and Parachute Marketing in the US into Bite Communications
  
• Strong first year contribution from OutCast and significant revenue growth at Bite
• Stake in Lexis Public Relations increased to 51%; further 25% to be acquired in November 2006

Commenting on the results, Will Whitehorn, Chairman of Next Fifteen, said:

'Next Fifteen is pleased to announce record full-year results for the year achieving its highest ever revenues, profitability and earnings; with net revenue for the year increasing 30% to £56.0m and profit before tax growing 35% to £4.4m. Much of the Group's growth continues to come from the expansion of our North American and Asian businesses with a strong flow of new business from companies such as eBay, Sprint Nextel, Sun Microsystems and Philips, and through the expansion of relationships with existing clients such as AMD, Adobe and Openwave. The Asia Pacific region also had another excellent year, with turnover growth of 30% where China, India and Singapore showed strong increases. The Group also continues to make significant progress in markets outside technology.'

'The Group's strategy remains focused on driving organic growth from its existing PR brands and is therefore pleased to report strong year on year organic growth of 13.3% from its businesses. The Group will also continue to make targeted acquisitions of specialist communications businesses that offer growth potential and complement the existing PR businesses.'

- Ends -

For further information:

Next Fifteen Communications Group
Tim Dyson, Chief Executive
001 415 350 2801
David Dewhurst, Finance Director
07974 161183

Merlin
020 7653 6620
Vanessa Maydon                                
07802 961 902
Rebecca Penney                                  
07795 108 178


Please click here to download the announcement in PDF format. This PDF contains all the tables with the financial data for the financial results for the year ended 31 July 2006.

04/04/2006

Next Fifteen Communications Group plc ("Next Fifteen" or "the Group"), the international public relations consultancy group, today reports record profitability and revenues for its financial results for the six months to 31 January 2006.

Financial highlights:

Revenues up 29.6% to £26.5 million (2005: £20.4 million)

Adjusted profit before tax increased by 22.4% to £1.8 million (2005: £1.5 million)

Adjusted earnings per share up by 17.6% to 2.47p (2005: 2.10p)

Interim dividend increased 10.6% to 0.365p (2005: 0.33p)

Corporate progress:

Acquisition of Credo Communications in the UK and Parachute Marketing in the US; successful integration into Bite Communications

Strong overall performance by the Group's technology and non-technology focused businesses; growth of existing client mandates and significant new client wins

Significant revenue growth from US operations; up 58% year on year following acquisition of OutCast in 2005

Organic revenue growth in Asia up 32%

Stake in Lexis Public Relations to increase to 51% in April; further strengthening Group's presence beyond technology sector. Remaining equity to be purchased over next four years.

Commenting on the results, Will Whitehorn, Chairman of Next Fifteen, said:

"Next Fifteen Communications Group plc is pleased to report record half year results for the six months to 31 January 2006, achieving record revenues, profitability and earnings.

"The Group's strategy remains focused on driving organic growth from its existing PR brands and supplementing this with targeted acquisitions that offer growth potential and complement the existing PR businesses.

"The Group is pleased to report strong performances from its operating subsidiaries. In particular, its Bite and OutCast businesses have shown strong revenue and profit growth.

"We are confident that the Group's strong organic growth prospects and recent acquisitions coupled with further structural changes being made to the Group, will provide a good platform from which to generate further growth at the top and bottom line in the next financial year."

- Ends -

For further information:

Next Fifteen Communications Group
Tim Dyson, Chief Executive Officer
001 415 350 2801

David Dewhurst, Finance Director
07974 161 183

Merlin
020 7653 6620

Vanessa Maydon
07802 961 902

Rebecca Penney
07795 108 178

Please click here to download the announcement.

08/11/2005

Next Fifteen Communications Group plc ("Next Fifteen" or "the Group"), the
international public relations consultancy group, today reports record
profitability and revenues for its financial results for the year ended 31 July
2005.

Financial highlights:

Revenue up by 15% to £43.2m (2004: £37.7m)
Pre-tax profit increased by 58% to £3.05m (2004: £1.93m)
Adjusted profit before tax, reorganisation costs and goodwill
amortisation improved by 28% to £3.29m (2004: £2.57m)
Basic earnings per share rose by 45% to 3.87p (2004: 2.67p)
Adjusted earnings per share up by 12% to 4.45p (2004: 3.98p)
Final dividend of 0.9p (2004: 0.8p), making a total dividend for the
year of 1.23p (2004: 1.1p), up 12%

Corporate progress:

Acquisition of OutCast Communications towards the end of the period
creating the market leading provider of technology PR in the US
Minority interest in Bite Communications, previously not controlled by
the Group, acquired in August 2005; expected to be earnings enhancing in
current financial year
25% stake acquired in Lexis Public Relations, a leading UK consumer PR
firm, post year-end; strengthens Group's presence beyond technology sector
with remaining equity to be purchased over next five years
Vendor placing of £2.5m in June 2005 to provide additional funding for
the acquisition of Outcast
Transfer of the listing of the Group's Ordinary Shares to AIM from the
Official List in March 2005

Commenting on the results, Will Whitehorn, Chairman of Next Fifteen, said:

"The Group's strategy is still focused on driving organic growth from its
existing PR brands, but it will still seek to supplement this with targeted
acquisitions that offer growth potential and complement the existing PR
businesses in the Group. Looking forward, the Group has made an encouraging
start to the new financial year, adding some impressive clients during the first
quarter including Philips and Sprint Nextel Corporation. These wins, combined
with Bite's Sun Microsystems success in the second half of last year, create an
excellent platform for further organic growth in the current financial year.

"The addition of OutCast and Lexis to the Group and the acquisition of the Bite
minority interest will add yet further earnings growth. Against this background
and a steadily improving general economic outlook for the Group's major markets,
we believe we have good cause to remain confident about our prospects for the
current year."

- Ends -

For further information:

Next Fifteen Communications Group
Tim Dyson, Chief Executive
001 415 350 2801

David Dewhurst, Finance Director
07974 161183

Merlin
020 7653 6620

Vanessa Maydon
Mob. 07802 961 902

Rebecca Penney
Mob. 07795 108 178

Attached:
Chairman and Chief Executive Statement
Consolidated Profit & Loss Account
Consolidated Statement of Total Recognised Gains & Losses
Company Balance Sheet
Consolidated Cash Flow Statement
Reconciliation of Movements in Shareholders' Funds
Notes to the Preliminary Statement

Chairman and CEO's statement

Next Fifteen Communications Group plc, which owns some of the world's most
respected public relations consultancies is pleased to announce record full-year
results for the year to 31 July 2005. Revenue for the last year rose by 15% to
£43.2m (2004: £37.7m). Pre-tax profit also increased during the year by 58% to
£3.05m (2004: £1.93m). Adjusted profit before tax and goodwill amortisation
improved 28% to £3.29m (2004: £2.57m). Basic earnings per share were 3.87p, up
45% from 2.67p last year. The adjusted earnings per share were 4.45p, up 12%
from the previous year's 3.98p. As a result, the Board is proposing a final
dividend of 0.9p, which will bring the total for the year to 1.23p (2004: 1.1p),
a rise of 12%.

Selective acquisitions

Towards the end of the financial year the Group made the acquisition of OutCast
Communications, a leading technology PR firm based in San Francisco and New
York. With the addition of OutCast, Next Fifteen becomes a market leading
provider of technology PR in the world's largest PR market, the United States
of America. The acquisition further strengthens the Group's client base with the
addition of such brands as Yahoo!, Dell and salesforce.com. These add to an
existing client list which includes IBM, Microsoft, Apple, Sun Microsystems and
Xerox.

At the start of the current financial year the Group made two further important
investments. These were the purchase of the minority interest previously not
controlled by the Group in Bite Communications, which should enhance earnings in
the current financial year. Also there was the acquisition of a 25% stake in
Lexis Public Relations, a leading UK consumer PR firm. Lexis, named PR agency of
the year by Marketing Magazine in 2004, has a client list which includes
Unilever, Coca-Cola, Diageo and Barclays, thus strengthening the Group's
presence beyond the technology sector. Under the terms of the deal, Next Fifteen
will acquire the remaining equity in Lexis over the next five years. Lexis sits
alongside August One which the Group restructured this year so that it could
focus solely on clients outside the technology market.

Following the restructuring of August One, Next Fifteen elevated its third
technology PR brand in the UK, Inferno PR, to become a direct subsidiary of Next
Fifteen and its clients now include Microsoft and Computer Associates.

The acquisition of OutCast was funded through a combination of new equity and
existing bank facilities. The payments made after the year-end for the
acquisition of the Bite minority interest and the purchase of the initial stake
in Lexis were made from the existing bank facilities. This leaves the Group with
only modest levels of debt. During the year to 31 July 2005, the Group generated
cash of £0.4m before acquisition payments and financing, despite the
exceptionally high £1.9m capital expenditure resulting mainly from office moves
in the US and the UK.

Continued expansion in APAC and North America

Much of the Group's growth has come from the expansion of our North American and
Asian businesses. In the US, we have continued to see substantial organic
growth. In this market, which currently accounts for over 50% of the Group's
revenues and profits, Text 100 and Bite generated revenue of £19.3m compared
with £16.1m last year, an increase of 20%, despite a further 5% weakening of the
dollar. The growth in the US has come largely from a strong flow of new business
from companies such as Sun Microsystems, Yahoo!, eBay and AMD but also through
the expansion of relationships with existing clients such as Fuji and ARM. In
Asia, Text 100 is fast becoming the leading provider of technology PR. In the
last year Text 100 expanded its business in China with the opening of its fourth
office in the region this time in Guangzhou. Text 100 has also added AAPT and
Nokia to its client list in the region.

Group strategy in action

The Group's strategy is still focused on driving organic growth from its
existing PR brands, but it will still seek to supplement this with targeted
acquisitions that offer growth potential and complement the existing PR
businesses in the Group. Looking forward, the Group has made an encouraging
start to the new financial year, adding some impressive clients during the first
quarter including Philips and Sprint Nextel Corporation. These wins, combined
with Bite's Sun Microsystems success in the second half of last year, create an
excellent platform for further organic growth in the current financial year. The
addition of OutCast and Lexis to the Group and the acquisition of the Bite
minority interest will add yet further earnings growth. Against this background
and a steadily improving general economic outlook for the Group's major markets,
we believe we have good cause to remain confident about our prospects for the
current year.

Will Whitehorn
Chairman

Tim Dyson
Chief Executive Officer

8 November 2005

FINANCIAL REVIEW

Overview

The year to 31 July 2005 was a year where a number of milestones were passed.
Revenue exceeded £43m, pre-tax profit was over £3m and the adjusted EPS rose to
almost 4.5p.

The US was our strongest performing market and despite a further decline in the
dollar of over 5%, the US accounted for 44% of the Group's turnover and 58% of
profits, before head office costs. The US is set to grow even stronger in the
current year following the acquisition of OutCast in June 2005, which will help
to push US turnover over 50% of the Group's total. The acquisition was preceded
by a move of the Group's listing to the Alternative Investment Market (AIM), a
market which is more attractive for smaller, growing companies.

Geographic and client analysis

During the last year the proportion of Group turnover generated outside the UK
rose to almost 75%, from 70% the previous year. The strongest region was North
America (up 23% in sterling terms) and accounting for 44% of total turnover.
With the UK market accounting for 25% of turnover (down from 30% last year), in
the current year the Group is expecting to generate in excess of 70% of its
turnover in the two strongest markets for public relations services. In Europe
and Africa the businesses continued to experience mixed fortunes but overall
turnover increased 12% to £9.6m. The Asia Pacific region grew strongly to £5.4m
from £4.5m last year. The region posted strong results particularly in India and
added a third Mainland China office, in Guangzhou.

The spread of the Group's key clients has broadened following the Bite win of
Sun Microsystems in the US. The top ten clients now represent approximately 54%
of the business and no single client has more than 15% of the total.

Cash flow

The underlying cash conversion from operating profit was strong once again but a
number of significant investments caused the business to move from a net funds
position of £2.9m in July 2004 to £2.4m a year later. Firstly, the Group paid
£1.9m in capital expenditure largely related to office moves to accommodate the
expanding US business and in the UK following office moves to house the enlarged
Inferno business and to utilise previously surplus space. Secondly the initial
$6m payment for OutCast was partly funded from a successful share placing and
partly from the existing net cash balance. The share placing raised £2.5m before
costs of £0.1m and represents the largest equity injection ever for the company,
surpassing the £1.7m raised on flotation in 1999. Without the
acquisition-related cashflows the Group would have generated £0.3m from its
trading and investing activities.

Balance sheet

The biggest change in the Group balance sheet is the goodwill and other
intangible assets arising from the acquisition of OutCast and the additional
share capital raised to partially fund it.

Net assets at 31 July 2005 were £12.4m, (2004: £7.7m), of which £2.4m is net
cash. In August 2005, these funds were invested in a 25% stake in Lexis PR and
the purchase of the remaining minority interest in Bite Communications. The
Lexis investment is the first part of a phased purchase which will see the Group
own a minimum of 51% in 2006, 75% by 2008 and the whole business in 2010. The
purchase of the remaining Bite shares will be earnings enhancing for the Group
and gives key members of the Bite management team shares in Next Fifteen,
putting them on a similar equity incentive to other senior management within the
Group. During the year the Group received £169k from employees exercising their
share options and becoming shareholders in the Group.

Treasury, funding and exchange risk

The Group has established treasury policies and procedures which ensure that
foreign currency exposure is continually monitored.

The Group has a £3m revolving 3-year term loan facility, which it began to use
with the OutCast acquisition. The facility is available in a combination of
Sterling, US dollar, and euro at an interest rate of 1.65% over Barclays Bank's
call-loan rate. Also available is an overdraft facility of £1m at a rate of 1.2
% over base rate, available in Sterling, US dollar and euro. All UK businesses
are part of a composite accounting system which allows the offset of UK
overdrawn and credit bank balances. The Group aims to concentrate any surplus
cash in the UK subject to any local transfer restrictions, and as far as
possible to hold only moderate non-deposit cash balances in overseas
subsidiaries.

The majority of trade is denominated in the functional currencies of the
jurisdiction in which trade is conducted. Where this is not the case the
directors monitor the exposure to ensure that the foreign currency risk is not
material to the Group. To protect profit translation exposure from businesses
denominated in US dollar and euro the Group purchases treasury products designed
to give some protection against a weakening of the US dollar and euro.

Taxation

The total tax charge for the year is £1.3m on consolidated profits of £3.05m, an
effective rate of 43.6%; one percent higher than a year ago. After adjusting for
goodwill amortisation costs the underlying effective rate is 40.9%. The main
reason for this increase has been the increasing proportion of profits generated
in the higher tax regimes of US and India. We anticipate that the reorganization
of our US businesses following the acquisition of OutCast and the Bite minority
interests will begin to see a reduction in the effective tax rate to just below
40%.

Earnings

Basic earnings per share (EPS), adjusted for goodwill amortisation charges, rose
11.8% to 4.45p (see Note 6). The purchase of the Bite minority will have a
positive impact on future earnings as this minority interest was growing as
employees became eligible to exercise their options and the business became more
profitable.

Dividends

The proposed final ordinary dividend per share is 0.9p, which takes the total
for the year to 1.23p, compared with a total dividend of 1.1p last year. It will
be paid on 27 January 2006, assuming it is passed at the AGM on 24 January 2006.
The dividend is covered almost three times by the profit attributable to the
members during the year. The Board continues to view its dividend policy over
the medium-term and aims to strike a balance between the relevance placed on
dividends by some shareholders and the needs of the Company to invest for future
growth.

David Dewhurst
Finance Director

Please click here to download the announcement in PDF format.

12/04/2005

Please click here to view the Interim Results for six months to 31 January 2005 in PDF format

14/10/2004

"Strong results and continuing future growth"

Highlights

· Revenue rose by 7.2% to £37.7m (2003: £35.2m), despite translation effect of prolonged dollar weakness affecting our largest market

· Profit before tax up 18.4% to £1.93m (2003: £1.63m)

· Adjusted profit before tax, before re-organisation costs and goodwill amortisation up 4.2% to £2.57m (2003: £2.47m)

· Basic EPS improved 14.6% to 2.67p (2003: 2.33p) with adjusted EPS up 4.5% to 3.98p (2003: 3.81p)

· Final dividend of 0.8p (2003: 0.7p) - Total dividend for the year up 10% to 1.1p (2003: 1.0p)

· Substantial growth in US following successful integration and development of Applied and strong flow of new business to the Group

· Group presence in China strengthened by two new offices, in Shanghai and Hong Kong - leading to impressive new business wins across region

Commenting, Tim Dyson, Chief Executive Officer, said:

"The Group has made a strong start to the new financial year, with over £2m of increased annualised fee income in the first quarter, following recent new client wins in US and Europe. These successes, coupled with the general economic outlook for the Group's major markets, make us optimistic about our prospects for the current year."

Chairman and Chief Executive Officer's Statement

Next Fifteen Communications Group plc, which owns some of the world's leading public relations consultancies, is pleased to announce strong full-year results for the year to 31 July 2004 and expects further growth in the current financial year. Revenue for the last year rose by 7.2% to £37.7m, despite the weakness of the US Dollar; had currencies remained constant at 2003 levels, revenue would have risen by 11.5%, an additional £1.4m. Pre-tax profit also increased during the year by 18.4% to £1.93m (2003: £1.63m). Adjusted profit before tax, before reorganisation costs and goodwill amortisation improved 4.2% to £2.57m (2003: £2.47m). Basic earnings per share were 2.67p, up 14.6% from 2.33p last year. The adjusted earnings per share were 3.98p, up 4.5% from the previous year's 3.81p.

As a result, the Board is proposing a final dividend of 0.8p, which will bring the total for the year to 1.1p (2003: 1p), a rise of 10%. The Group has made an impressive start to the current financial year, adding new clients in the first quarter that will increase annualised fee income by £2m.

The Group's balance sheet remains very strong, with cash of £2.9m. Although this figure is £0.9m less than that at the previous year-end, it comes after funding £1.35m for the acquisition and working capital needs of the Applied Communications PR and research businesses ("Applied"), acquired in September last year. The Group has generated £0.6m cash since the half-year, and the ability of the Group to generate cash from its trading activities remains positive.

Reorganisation costs for the year were £0.4m and amortisation of goodwill was £0.2m. The reorganisation costs relate to the last of the surplus office space, redundancies following the acquisition of Applied, and other costs arising from the reorganisation of AUGUST.ONE following its merger with Joe Public Relations and the transfer of its APAC operations to Text 100.

Much of the Group's growth has come from the expansion of our North American and Asian businesses. In the US, we have seen substantial growth following the successful acquisition and subsequent integration and development of Applied, though this has been lessened by the impact of the weakening dollar. In this market, which now accounts for 43% of the Group's revenues, our Text 100 and Bite businesses generated revenue of £16.1m compared with £12.7m last year, an increase of 27%. (In dollar terms this growth would have been an even more impressive 39 %). £3.7m of US revenue in the year was recorded in the acquired Applied businesses, including £0.8m of new business wins during the year. The growth in the US has come from a combination of a strong flow of new business from companies such as Earthlink, McData, NEC and Sun Microsystems, and also through the expansion of relationships with existing clients such as FujiFilm, Juniper Networks, Peregrine, VeriSign and Xerox.

In Asia we continued to expand our business into China with two new offices, first in Shanghai and then also in Hong Kong. This gives the Group a total of ten offices across the region. Through these businesses we have added some impressive new clients, notably Tektronix in China, Taiwan and Korea. IBM also extended its business with us in Mainland China and Hong Kong this year, while Infineon has become a client in Singapore. Cell phone giant Nokia has awarded us substantial project work in Singapore and Japan; and VeriSign, which is a client in the US and EMEA, has also become a client in Australia.

The Board is currently exploring the possibility of moving the Group's listing to the AIM market, operated by the London Stock Exchange. Given the liquidity of this market for smaller-cap companies and the reduced regulatory burdens and costs relating to acquisitions for companies quoted on this market, such a move could offer significant benefits to the Group and its shareholders. The Board plans to finalise its review of this matter within the next quarter. The Group strategy is still focused on driving organic growth from its existing PR brands, but it will seek to supplement this with targeted acquisitions that offer growth potential and complement the existing PR businesses in the Group.

Looking forward, the Group has made a strong start to the new financial year,
adding over £2m of annualised fee income in the first quarter. This has come
from new client wins that include Autodesk, Cadence Design Systems and
Siebel Systems in the US and Mothercare, Olympus, Yahoo! UK and Software AG in
Europe. These successes, coupled with the general economic outlook for the
Group's major markets, make us optimistic about our prospects for the current
year.

Will Whitehorn Chairman

Tim Dyson Chief Executive Officer

14 October 2004

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31/03/2004

HIGHLIGHTS
(six months ended 31 January 2004)
Net revenue up 7.3% at £18.5m (2003: £17.3m)

Profit before tax up 4.1% at £1.06m (2003:£1.01m)

Adjusted profit up 4.6% at £1.24m (2003: £1.19m) (see note 5 to the Interim accounts)

Interim dividend per share 0.3p (2003: 0.3p)

Basic earnings per share 1.59p (2003:1.57p)

Adjusted earnings per share 1.92p (2003: 1.93p)(see note 8 to the Interim accounts)

Net funds position remains strong (after acquisition funding) at £2.2m (2003: £3.1m)
Commenting on the results Chairman Will Whitehorn said:

"Recovery in our markets has been slow and patchy. Nevertheless the Group has produced pleasing results and, despite the adverse effects of the weakness of the US$ in the second half, we expect further good underlying progress."

CHAIRMAN AND CHIEF EXECUTIVE OFFICER'S STATEMENT

Next Fifteen Communications Group plc, the global public relations group, is pleased to report an improved performance in the six months to 31 January 2004. The Group has benefited from an upturn in market conditions in North America and parts of Asia, although there is continued uncertainty in some European markets. Against this backdrop the company reports increases in both pre-tax profit and net revenue. Pre-tax profit rose 4.1% to £1.06m from £1.01m for the same period last year, while net revenue rose to £18.5m from £17.3m last year, a growth of 7.3%. In view of this performance and of the strong cash position of the Group, the Board is pleased to maintain the interim dividend of 0.3p.

The results include £1.77m of turnover from the acquisition of Applied Communications' PR and research businesses in September of last year. However, during the later part of this period the Group suffered as a result of the decline in the value of the US dollar, as over 40% of turnover is in dollars or dollar-linked currencies. With a constant dollar, turnover from existing operations would have been 2.4% higher than reported.

Since the company last updated investors it has seen its North American and Asian businesses continue to improve. Text 100's North American operations in particular produced a strong performance, increasing revenue by 10% in dollar terms, with new business secured from Fuji Film, Earthlink, and Bang & Olufsen. Outside North America, Text 100 has expanded its presence in Asia with the opening of its Shanghai office, the second in mainland China. This operation services clients including IBM and ARM.

AUGUST.ONE, as mentioned in the AGM Trading Update, had a tough start to the year in the UK. The UK office saw several major client assignments delayed or cancelled resulting in poorer than expected performance. These setbacks caused the management at AUGUST.ONE and Next Fifteen to review the company's long-term focus, which led to a recent restructuring of its overseas operations, to enable greater management resources to be applied to the core UK business. AUGUST.ONE's businesses in Australia and New Zealand will be merged into Text 100's existing operations, a move that will make Text 100 one of the largest technology-led agencies in Asia Pacific. In the UK, as client spending restarts we expect AUGUST.ONE to recover as the second half unfolds but we anticipate it will hold back overall profit growth.

The Group's acquisition of Applied Communications' operations is going well. The vast majority of these activities were merged into Bite Communications to expand its North American operations. Since the acquisition this business, which was in decline, has not only been stabilised but has also secured several new client wins including work from Alteris, Ximenta and Ironport, putting Bite's North American revenue ahead of our previous forecasts for the year, in dollar terms.

The Group still has a strong balance sheet with net funds of £2.2m. The total cash outflow in the first half was £1.3m, of which £0.4m related to the acquisition of the Applied businesses and £0.7m for the working capital required to fund them. The Group also made tax and dividend payments weighted towards the first half. The Group was cash-positive at the operating level in the first half and expects to be strongly cash-positive overall in the second half as these non-operational factors reduce. The strong cash balance leaves the Group favourably positioned to continue its growth.

Despite the issues at AUGUST.ONE and the negative impact of the weak dollar, the Group expects to show growth for the full year, both in revenue and in pre-tax profit. Looking to the remainder of 2004, the Group is optimistic that its North American businesses will continue to expand. Across Europe some markets remain challenging, but the Group believes that on balance its strength in North America and the improvement in Asia will offset the challenges it still faces in some European markets.

Will Whitehorn Tim Dyson
Chairman Chief Executive Officer

31 March 2004

NEXT FIFTEEN COMMUNICATIONS GROUP PLC

INDEPENDENT REVIEW REPORT TO NEXT FIFTEEN COMMUNICATIONS GROUP PLC

Introduction

We have been instructed by the Company to review the financial information for the six months ended 31 January 2004 which comprises the profit and loss account, the statement of total recognised gains and losses, the balance sheet, the cash flow statement and related notes 1 to 11. We have read the other information contained in the interim report and considered whether it contains any apparent misstatements or material inconsistencies with the financial information.

This report is made solely to the Company in accordance with Bulletin 1999/4 issued by the Auditing Practices Board. Our work has been undertaken so that we might state to the Company those matters we are required to state to them in an independent review report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company, for our review work, for this report, or for the conclusions we have formed.

Directors' responsibilities

The interim report, including the financial information contained therein, is the responsibility of, and has been approved by, the directors. The directors are responsible for preparing the interim report in accordance with the Listing Rules of the Financial Services Authority which require that the accounting policies and presentation applied to the interim figures are consistent with those applied in preparing the preceding annual accounts except where any changes, and the reasons for them, are disclosed.

Review work performed

We conducted our review in accordance with the guidance contained in Bulletin 1999/4 issued by the Auditing Practices Board for use in the United Kingdom. A review consists principally of making enquiries of group management and applying analytical procedures to the financial information and underlying financial data and, based thereon, assessing whether the accounting policies and presentation have been consistently applied unless otherwise disclosed. A review excludes audit procedures such as tests of controls and verification of assets, liabilities and transactions. It is substantially less in scope than an audit performed in accordance with United Kingdom auditing standards and therefore provides a lower level of assurance than an audit. Accordingly, we do not express an audit opinion on the financial information.

Review conclusion

On the basis of our review we are not aware of any material modifications that should be made to the financial information as presented for the six months ended 31 January 2004.

Deloitte & Touche LLP
Chartered Accountants and Registered Auditors
London
31 March 2004

Notes: A review does not provide assurance on the maintenance and integrity of the website, including controls used to achieve this, and in particular on whether any changes may have occurred to the financial information since first published. These matters are the responsibility of the directors but no control procedures can provide absolute assurance in this area.

Legislation in the United Kingdom governing the preparation and dissemination of financial information differs from legislation in other jurisdictions.

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20/10/2003

Sharp improvement in profitability
Highlights

· Underlying profit before tax up from £0.94m to £1.64m

· Balance sheet remains strong with net cash at £3.5m

· Robust operating performance achieved against difficult markets

· Acquisition of the business of Applied Communications in the USA

· Modest market growth returning to principal markets, particularly the USA

· Total dividend increased 11% to 1.0p via a final dividend of 0.7p per share

Commenting, Tim Dyson, Chief Executive Officer, said:

"We have made a satisfactory start to the new financial year and we are beginning to see signs of growth in our core markets. I therefore look forward to this year with some optimism."

CHAIRMAN AND CHIEF EXECUTIVE OFFICER'S STATEMENT

Next Fifteen Communications Group plc, owner of some of the world's leading public relations consultancies, is pleased to announce improved underlying full-year results for the year to 31 July 2003.

The year has witnessed a further recovery in the Group's fortunes. The adjusted pre-tax profit rose 30% to £2.44m (2002: £1.88m) before reorganisation costs of £794k (2002: £947k) (see Note 5) and this was achieved on net revenue of £35.2m, down fractionally from the previous year's £35.8m. The like-for-like profit before tax comparison shows an improvement of £0.7m, from £0.94m to £1.64m. The actual profit before tax of £1.64m is down from the £4.07m reported last year but the latter number was distorted by the £3.13m exceptional profit from the sale of the OneMonday name. The reorganisation costs incurred this year relate to surplus office space, to redundancies and other costs arising from the closure of non-core offices and to the merger of our AUGUST.ONE and Joe Public Relations businesses. The adjusted earnings per share were 3.73p, up 71% from the previous year's 2.18p (see Note 8). Basic earnings per share were 2.37p, down from 5.94p last year, but that figure included the exceptional £2.19m after-tax profit from the name sale. As a result, the Board is proposing a final dividend of 0.7p, which will bring the total for the year to 1p (2002: 0.9p), a rise of 11%.

The Group's balance sheet remains very strong, with net funds of £3.5m; this figure, although £0.5m less than at the previous year-end, follows the purchase of £0.5m worth of the Company's shares for the Employee Share Ownership Trust and payment of £0.9m tax on the name sale. The net cash flows generated from the Group's trading activities remain positive.

Recovery in the Group's fortunes has been achieved in market conditions that have remained difficult, particularly in mainland Europe and Asia Pacific. Significantly, the recovery has coincided with the investment phase of a number of new organic activities that will generate longer-term growth for the Group. These include a new operation in mainland China and the formation of Inferno, a new subsidiary brand in the UK, which will target technology clients in the business-to-business sector. It is worth noting that the Group added some impressive clients during the year, including Fuji Film's account in North America, and a global brief for ARM, the leading microprocessor designer. In addition, the Group's largest client, IBM, agreed to renew its global contract for a further two years.

Perhaps the most exciting development for the Group occurred after the year-end with the acquisition of the client base and staff of Applied Communications, a highly respected technology public relations agency with offices in San Francisco, Washington DC and Amsterdam. After more than 20 years of organic growth for the Group, this acquisition is not so much a change of direction as a demonstration that Next Fifteen is perfectly capable of supplementing its core organic growth with acquisitions when the strategic fit and the timing prove irresistible. We paid a fair price in the prevailing market environment, achieving a level of value that would not have been available to us in the overheated acquisition markets of a few years ago -

So our patience has been rewarded. The majority of Applied's business will complement Bite's North American interests, and the enlarged operation will be overseen by Bite's CEO, Clive Armitage. The remainder of the acquired activities have been integrated into Text 100's global network.

The Group has made a satisfactory start to the new financial year. Despite the wide disparity of predictions for the year ahead coming from London's quoted marketing and communications companies, we feel that both the technology specialisation and broader public relations markets will return to modest growth over the coming year - most notably in the USA, which is now our largest market. We believe that the signs of market improvement are there to be seen and that it will take a sudden macroeconomic reverse to stall this progress.

Tom Lewis Tim Dyson Chairman CEO

20 October 2003

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