StockMarketWire.com - Future said Friday annual pre-tax profit swelled on strong revenue growth as acquisitions helped bolster performance in its media segment.

For the 12 months ended 30 September, pre-tax profits rose to £4.2m from £0.2m a year earlier and revenue rose 48% to £124.6m.

The company's media revenue rose 88% to £64.2m, underpinned by further diversification through acquisitions and organic growth across all regions, the company said.

Online Revenue Per User, a key metric, had increased in both the UK by 26% to £1.68 and the US by 32% to £0.96.

The company recommended a final dividend with 0.5p a share.

'Future has had an outstanding year. The financial results speak volumes for the successful execution of the Group's focused strategy in leveraging its specialist media platform and diversifying its revenue streams, both geographically and across its product offering,' said Zillah Byng-Thorne, Future CEO.

'Our four acquisitions this year have broadened and strengthened our B2C and B2B portfolios and materially increased our global reach. The expansion of our US business also presents material opportunities to monetise our significant US online audience.'

'The year has started well with trading ahead of the Board's expectations for this quarter, and while we recognise there is still much uncertainty for the remainder of the year, the Board is confident that trading will continue the trends of the last year with strong growth.'


At 9:51am: [LON:FUTR] Future PLC share price was +29p at 512p



Story provided by StockMarketWire.com