News blog

Vitesse Media

  • BY: Andrew Hore |
  • POSTED: 10/10/2012 |

Financial and technology publisher Vitesse Media says that advertising has started to recover in September following a tough summer period.

Weak advertising revenues meant that revenues fell from £1.51m to £995,000 in the six months to July 2012 and the loss increased from £15,000 to £250,000.

Net cash was £90,000 at the end of July 2012. New executive deputy chairman David Smith subscribed for £350,000 of shares at 4.75p, which gives him a 19.4% stake in Vitesse.

At 3.12p a share, Vitesse is valued at £1.19m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFSeptember2012_36.pdf

© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds