Vitesse Media PLC Share News (VIS)

Shares in GoIndusty-DoveBid, a company that helps industrial firms to sell their assets, jumped after it said results for the year to 31 December should be in line with expectations.'After a difficult first half of the year, in the second half of 2009 the business traded profitably (adjusted pre-tax profits) and generated positive cash flow from operations,' the company said, adding that it believes trading for the first quarter of 2010 will be in line with expectations. Sky High lived up to its name with shares in the traffic surveyor soaring after it said sales had returned to previous levels and are expected to increase.'The company has come through the recession in a strong and stable position through a combination of carefully managed fixed costs, increasing sales and investing in software and hardware,' it said.The top riser in the mining sector is Stellar Diamonds, which is also living up to its name on its first day of trading on AIM. The company has been set up to explore for the gemstones in West Africa.Contract manufacturer Stadium's results are likely to be ahead of market expectation, it said today. Strong trading in the final quarter of the year, and the momentum carried into the first quarter of 2010, will result in profit before taxation and exceptional costs exceeding market expectation by approximately 10 to 15%.Software group Imaginatik is pleased to announce the signing of a multi-year software and services contract with Windsor Quality Food, a leading US-based manufacturer and marketer of frozen ethnic foods and appetizers.Electric power supplies group XP Power lifted underlying profits from £8m to £8.7m in 2009, though sales fell 3% to £67.3m (2008: £69.3m). Sales based on XP Power's IP are now 83% of total sales, compared to 78% in 2008 and 73% in 2007. Ongoing improvement in the sales mix raised gross margins to 45% (2008: 44.2%). The dividend for the year is 22p, up from 21p. Seller of used goods, Cash Converters, had the most successful half year in its history and expects more of the same in the first half of 2010.Earnings before interest and tax rose 25.7% to $15.3m in the 6 months to 31 December 2009 from $12.2m the year before, on revenue that grew from $44.5m to $59.3m.An interim dividend of 1.5 cents has been declared.Pangea DiamondFields is selling off all its diamond operations to Swedish exploration and mining group IGE and going into voluntary liquidation.IGE will issue 495.4m IGE shares to Pangea to acquire the latter's diamond interests. The consideration is worth around $47.6m or 1.7p per Pangea share.Pangea intends to distribute the IGE shares to its shareholders by means of a voluntary liquidation.Online, print and events company Vitesse Media expects to make a small profit for the full year, in line with expectations.'Although we are seeing signs of recovery in advertising, events and subscriptions compared to the second half of the last year, we will continue to streamline our business to strengthen our ability to cope with difficult market conditions and further diversify our revenue base,' pledged Sara Wilpliams, executive chairman of Vitesse.Results from specialist printing group Printing.com for its fiscal year are broadly in line with market expectations, notwithstanding the effects of the severe weather conditions at the start of the year which caused disruption to the company's network, with some branches unable to open for business on some days.Trading returned to normal levels in February, the company said.