AIM IHT
Is ADVFN on the cusp of consistent profitability?
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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