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Vitesse Media losses widen

By BFN News | 01:50 PM | Friday 11 August, 2017

Vitesse Media has reported an operating loss before non-recurring costs in the 14-month period to 31 March 2017 of £12k (prior year: £7k). Total Normalised Revenue increased by 26% in the 14-month period to £2,688k (prior year: £2,130k) and events revenue increased by 45% to £1,263k (prior year: £870k). Gross profit margin in the 14-month period reduced to 65% from 70% in the prior year due to higher revenue in the Events division, which generally has slightly lower margins than the traditional media mix of business in Vitesse. At 1:50pm: (LON:VIS) Vitesse Media PLC share price was +1p at 2.88p Story provided by

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