Diversified business publisher Vitesse Media has turned a £188,000 interim loss into a £2,000 first-half pre-tax profit.

Publishing, events and multi-media company Vitesse, whose products include Growth Company Investor, increased revenues 65 per cent to £2.36 million in the six months to July. Sara Williams, chairman and chief executive, highlighted the strong organic growth achieved in the AIM-quoted company's online activities and events, and the contribution of the newly acquired What Investment magazine. The website for this title, whatinvestment.co.uk, achieved traffic growth of 60 per cent and will shortly be relaunched.

Vitesse shares have risen from 15p at the end of 2005 to 38p, up 3p today. That values the company at nearly £8 million.

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