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Strategies & Market Trends : ADVFN (AFN.L) - Advanced Financial Networks

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From: Done, gone.	11/21/2006 1:29:51 PM
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Wednesday, 15th November 2006 13:13 ADVFN FY pretax reverses to 964,000 stg loss, but reports 35 pct rise in sales LONDON (AFX) - ADVFN PLC said that it fell to a pretax loss of 964,000 stg in the year to June 30 2006, compared to a 1 mln stg profit the previous year, with earnings per share falling to a 19 pence loss from a profit of 23 pence. However, its turnover rose 35 pct to 4.5 mln stg, from 3.3 mln in 2005. Reporting its preliminary results, the stocks and shares website also said that it anticipated 'a substantial rise in revenue from North America' in 2007, due to its recent acquisitions of InvestorsHub.com and Silicon Investor. Managing director Clem Chambers said: '2007 will see ADVFN using its global platform - and in particular its US acquisitions - to generate further strong top line growth. Gross margins for an online service are high and this will drive a strengthening bottom line.' Total user numbers across the group rose 108 pct to over 2 mln, it added. newsdesk@afxnews.com lse.co.uk

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