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Vitesse Media posts dip in revenue, widens first half loss

Fri, 23rd Oct 2015 10:26

(ShareCast News) - Vitesse Media has posted a dip in revenue for the first half of the year, leading to a wider loss than 2014.The AIM listed business-to-business media company released its interm results for the six months to 31 July on Friday.It noted that revenue had dropped from £1.04m to £0.83m after it cut two one-off managed events to concentrate on its own higher margin business.The company also shifted its Techinvest Manchester event from July to September, shifting any revenue from the event to the second half of the year.As a result the company reported a wider loss of £125,000 for the period then the £72,000 loss last year.The company said that while there are inevitable challenges ahead believes that the outlook for the remains positive and it is confident it will meet its targets for the year.
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10 Jun 2010 08:16

Vitesse Media profits from cuts

Publishing and events firm Vitesse Media turned into profit for the year after it slashed admin costs. Pre-tax profit came in at £36,000 against loss of £493,000 last year despite revenue falling to £3.6m from £4.9m before. Revenues were lower because of continuing difficulties in some print areas.

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22 Feb 2010 11:21

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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-t

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16 Sep 2009 08:23

Vitesse Media shrinks losses as sales plunge

Publishing and events firm Vitesse Media shrunk interim losses as it reported a sharp drop in sales. Sales fell to £1.8m for the six month ending 31 July 2009 from £2.6m a year earlier as its main businesses battled against the pressures of the recession. Pre-tax losses were narrowed to £90,000 fr

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10 Jun 2009 08:29

Vitesse Media losses rise

Vitesse Media, the publishing and events firm, saw losses increase in the year and warned that the environment has shown a further downturn in the first quarter. Pre-tax losses rose to £494,000 against £98,000 loss year on revenue that rose 1% to £5m. Online revenues up 22.5%, event revenues down 2

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