Vitesse Media looks to strong rebound in FY profitability

(ShareCast News) - B2B events and digital media firm Vitesse Media has narrowed its first-half profit, and it is on track to report a strong recovery in profitability by the end of its financial year. Pre-tax profit for the period was to £65,000, from £122,000, with revenue improving to £931,000, from £828,000."With revenues up 12.5%, gross margins increased to 75.5% and losses reduced, we are very pleased with our progress in the first half of this year," said chief executive Chris Ingram."The board remains confident in its ability to continue to grow the company and achieve full year results in line with management expectations."