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Trading Statement

17 Aug 2010 07:00

RNS Number : 1401R
Vitesse Media PLC
17 August 2010
 



 

Vitesse Media Plc ("Vitesse Media" or "the Company")

 

Trading Update

 

The AIM online, print and events business, today issues the following update ahead of the announcement of its interim results to 31 July 2010.

 

The Company continues to trade in line with market expectations. Vitesse has built on the profitable turnaround achieved in 2009 and will deliver a profit in the first half, a significant improvement on the same loss-making period of the previous year.

 

 

The second quarter, which is traditionally the weakest quarter of the financial year, showed a like-for-like sales increase of 3.5% over the same period in the previous year.

 

The management is looking forward with confidence to the second half of the year and is expecting the Company's results to show further substantial improvement, in line with market expectation.

 

 

Contacts:

 

Sarah Williams

Vitesse Media plc

020 7250 7010

Leslie Copeland

Vitesse Media plc

020 7250 7010

Nandita Sahgal / Jeremy Porter

Seymour Pierce Limited

020 7107 8000

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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