Revenue rises at Seventeen Group in 2018
Business also reports falling profits due to costs related to acquisitions.
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.
Deals
The
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