24th Feb 2014 10:35
LONDON (Alliance News) - Progressive Digital Media Group PLC said it was confident of making further progress during 2014, as it saw pretax profit rise in the financial year 2013.
The business information and publishing company posted revenue of GBP57.3 million, up from GBP53.9 million in the previous year, which led to a pretax profit of GBP7.1 million, up from GBP4.3 million in the previous year.
The company said that revenue growth had been driven by a strong performance from its Business Intelligence products and continued investment in its content and delivery platforms. The contribution from and integration of acquisitions Kable and Pyramid Research also buoyed revenues.
Progressive Digital Media said that it remains under represented in terms of sales headcount in some key territories, which it said was an opportunity for the year ahead and beyond.
The company's key objectives for 2014 will be focusing on its subscription based Business Information services and products, expanding its footprint in high-growth consumer markets and continuing the integration of Pyramid Research.
Shares in Progressive Digital Media were trading up 0.2% at 258.00 pence Monday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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