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Is ADVFN on the cusp of consistent profitability?

18/02/2021 · ADVFN PLC (AFN)  · Essensys PLC (ESYS) 

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Market information site ADVFN has millions of registered users but has struggled to make consistent profits since listing more than 20 year ago. Are things about to change?

ADVFN: on the cusp of decent profits, at last?

Interim results from market information site ADVFN (LON:AFN) offered significantly more encouragement than we have seen for a while. With over 4 million registered users we struggle to understand how this business can't make decent profits.

Revenue in the 6 months to 31 December rose 13% to £4.2m and it managed to squeeze a profit of £264k, a distinct improvement on the comparable period’s loss of £399k.

Management commented…

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