ADVFN.COM PLC
17 July 2002
ADVFN.COM plc ('ADVFN')
Trading update
ADVFN, the UK's leading provider of financial information to private investors,
today announces the following trading update.
2002 has proven a good year so far for ADVFN. The turbulence in the world stock
markets has had a positive effect on both our subscription and advertising
revenue streams. Advertising income in particular has benefited with financial
services companies recognising ADVFN as the market leader and as a reliable
source of new customers. Advertising income has increased by 221% in the second
quarter of 2002 over the same quarter in 2001, with advertising income in May
alone more than the first four months of calendar year 2001.
Total sales also increased by 110% in the second quarter of 2002 compared to the
corresponding period in 2001. Costs were put under a tight review in January,
which combined with the rise in sales, has led ADVFN to operational profits from
February through June.
US price feeds are now in test with our user base and it is expected that US
price products will be launched in August. Initial feedback is promising and we
are very positive about the impact on our future sales.
Contacts:
Clement Chambers, ADVFN, 020 7070 0909
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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