IN BRIEF: ADVFN outlook positive as expects to swing to annual profit
Mon, 10th May 2021 12:20
ADVFN PLC - London-based financial information website - Says it is "very optimistic" about its near- and medium-term prospects. Overall trading conditions have continued to remain positive, and it is expecting a pretax profit for the financial year ending June to be in excess of GBP1 million versus a loss of GBP349,000 in financial 2020. ADVFN says it continues to benefit from the significant cost reduction programme that it initiated in the latter part of 2019 and early 2020, comprising a reduction in staff numbers, a move in the UK to homeworking, and the non-renewal of an office lease on Throgmorton Street in the City of London.