Vitesse Media PLC Interim results for the six -3-

The accounting policies adopted in the preparation of the interim condensed consolidated financial statements are consistent with those followed in the preparation of the Group's annual financial statements for the year ended 31 January 2013.

These financial statements have been prepared under the historical cost convention.

The financial information for the six months ended 31 July 2013 is unaudited.

Nature of operations and general information

Vitesse Media plc and subsidiaries' ('the Group') principal activities include the provision of online, print publishing and events, specialising in growing businesses. The Group provides a network for CEOs and other directors, their investors, advisers and suppliers.

Vitesse Media plc is the Group's ultimate parent company. It is incorporated and domiciled in Great Britain. The address of Vitesse Media plc's registered office is Floor 6, St. Andrew Street, London, EC1Y 8ST. Vitesse Media plc's shares are listed on the AIM Market of the London Stock Exchange.

Vitesse Media plc's consolidated interim financial statements are presented in Pounds Sterling (GBP), which is also the functional currency of the parent company.

2. Segmental information

Since the end of the financial year, 31 January 2013, we report our income segments as Events, SME, Investment and Technology, dropping the segmental information on business and investment as no longer being relevant to the management of the business.

 
                         Events       SME   Investment   Technology     Total 
                        GBP'000   GBP'000      GBP'000      GBP'000   GBP'000 
 
 6 months ended 31 July 2013 
 
 Segmental revenue 
  - continuing              258       277          224          242     1,000 
 Segmental revenue            -         -            -            -         - 
  - acquired 
                       --------  --------  -----------  -----------  -------- 
 Total segmental 
  revenue                   258       277          224          242     1,000 
                       --------  --------  -----------  -----------  -------- 
 
 Segment result             258       277          224          242     1,000 
                       --------  --------  -----------  -----------  -------- 
 
 6 months ended 31 July 2012 
 
 Segmental revenue 
  - continuing              195       263          247          289       995 
 Segmental revenue            -         -            -            -         - 
  - acquired 
                       --------  --------  -----------  -----------  -------- 
 Total segmental 
  revenue                   195       263          247          289       995 
                       --------  --------  -----------  -----------  -------- 
 
 Segment result             195       263          247          289       995 
                       --------  --------  -----------  -----------  -------- 
 
 12 months ended 31 January 
  2013 
 
 Segmental revenue 
  - continuing              583       498          464          520     2,064 
 Segmental revenue            -         -            -            -         - 
  - acquired 
                       --------  --------  -----------  -----------  -------- 
 Total segmental 
  revenue                   583       498          464          520     2,064 
                       --------  --------  -----------  -----------  -------- 
 
 Segment result             583       498          464          520     2,064 
                       --------  --------  -----------  -----------  --------

3. Earnings/(loss) per share

The calculation of loss per share is based on the following losses and numbers of shares. Diluted earnings per share is calculated by adjusting the weighted average number of ordinary shares outstanding to assume conversion of all dilutive potential ordinary shares. The Company has one category of dilutive potential ordinary shares: share options.

 
                            6 months to 31    6 months to    Period end 
                               July 2013      31 July 2012 
                              (Unaudited)     (Unaudited)     31 January 
                                                                 2013 
                                                              (audited) 
-------------------------  ---------------  --------------  ------------ 
                               GBP'000          GBP'000        GBP'000 
-------------------------  ---------------  --------------  ------------ 
 Earnings/(loss) for the 
  period                        (137)            (250)          (502) 
-------------------------  ---------------  --------------  ------------ 
                                 No.              No.            No. 
-------------------------  ---------------  --------------  ------------ 
 Weighted average number 
  of shares                   34,903,715      34,903,715     34,903,715 
-------------------------  ---------------  --------------  ------------

4. Dividends

No dividend is proposed for the six months ended 31 July 2013.

5. Copies of Interim Results

Copies of the Interim Results will be available from www.vitessemedia.co.uk.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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