The market seemed to welcome Vitesse Media's full-year figures this week, as the shares lifted around 11 per cent to 21.5p. In the year to January, the print and on-line media venture, which sports a portfolio of 15 different products focused on the enterprise sector, improved turnover 49% to £1.4m. The pre-tax loss was reduced from £638,000 to a negligible £45,000. Chief executive Sara Williams said the group's focus on five different revenue streams (advertising, subscriptions, sponsorship, product sales and list sales) had enabled the company to progress in the face of an otherwise lacklustre media market. In the next few months, Vitesse intends to launch a magazine for unquoted growing companies (called Business XL) and an investment website aimed at market professionals (smallcompanies.co.uk). Broker Peel Hunt forecasts a £100,000 profit for the year to January 2003.

Vitesse Media	AIM	£4.74m	18.50p	0.00p
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