Revenue rises at Seventeen Group in 2018


Seventeen Group has posted a 12.5% rise in revenue to £18.4m for the full year 2018 (2017: £16.4m).

The business also reported a fall in pre-tax profit to £812,716 in 2018 from £1.3m in the preceding year.

In addition, operating profit decreased to £1.0m (2017: £1.4m), while administrative expenses rose to £17.4m (2017: £14.0m).

According to Seventeen Group the reduction in profit had been expected and was driven by increased amortisation charges incurred following acquisitions.


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