IMD moves back into profit

LONDON - Independent Media Distribution, the UK’s leading digital distributor of commercials, music videos and data to TV and radio broadcasters, has announced strong interim results.

IMD moves back into profit
IMD moves back into profit

The company exceeded expectations in reporting pre-tax profits of £425,000 for the six months to June, compared with a £146,000 loss for the same period last year.
In 2003 the Board of IMD took the strategic decision to diversify its business into the digital distribution of TV commercials – a move that the return to profitability appeared to justify.
IMD chairman David Hynes said: “I am delighted to report that IMD’s strategic decision to diversify into the digital distribution of TV commercials has been strongly vindicated. It is a great pleasure to be able to announce the Group’s return to profitability.”
He added that IMD had also gained market share, but warned that the positive outlook for 2007 should be tempered by the "short-term nature of media spending and an uncertain economic outlook."

Have your say...

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Media Week Jobs
Search for more media jobs

Latest

Gravity Road: new Bombay Sapphire Imagination Series 'exceeds' our 2013 Bafta win

Gravity Road: new Bombay Sapphire Imagination Series 'exceeds' our 2013 Bafta win

Bombay Sapphire has launched the second year of its 'Imagination Series' of five sponsored short films, after one from last year's series won a Bafta for Gravity Road in January.

Share
Outdoor Campaign of the Month: Just Eat
[Sponsored feature]
Share
Bauer launches daily football stats email The Equaliser

Bauer launches daily football stats email The Equaliser

Bauer Media has launched The Equaliser, a football-based daily email combining sports statistics and analysis, targeting desktop and mobile users.

Share

Get news by email