Coronavirus impact: 23 April - wonderful timing leaves this business awash with cash
Even the biggest, most diversified businesses are struggling in the current environment, but one AIM company covered here is sitting pretty, with plenty of cash to support a growing dividend
Next Fifteen: little impact to dateDigital communications group Next Fifteen Communications (LON:NFC) announced decent results for the year ended 31 January 2020. With assistance from acquisitions net revenue rose 11% to £248.5m, adjusted pre-tax profit was up 12% to £40.2m and adjusted earnings per share 5% higher at 34.8p. On an organic basis revenue declined by 2% due to challenges at two of the group’s businesses. The acquisitive nature of NFC means there are plenty of adjustments for amortisation and other acquisition related costs, and the cash flow therefore offers a better guide to performance. The net cash inflow from…