Vitesse Media PLC 31 October 2007
The Board of Vitesse Media Plc (AIM: VIS), the publishing, events and multimedia company, today announces its interim results for the six month ending 31 July 2007.
Highlights include:
- Revenues for the six months to 31 July 2007 up 65% to £2.36 million (continuing operations up by 27%) (2006: £1.43 million)
- Gross profit up by 74% to £1.56 million (2006: £0.9 million)
- Maiden net profit for the six months to 31 July 2007 of £2,000 (2006: loss of £188,000)
Commenting on the results, Vitesse Media's Chairman, Sara Williams, said:"The Group has made good progress for the first six months of the year, achieving strong organic growth in online activities and events. We are committed to drive and develop the Group further and the Board remains optimistic about our future prospects."