ToLuna Profits Rise as Panels Grow

Online panel specialist ToLuna has reported a pro forma pre-tax profit of £0.56m for the first nine months of 2005 - compared with a loss of £0.13m in 2004. The company, which floated on the UK's Alternative Investment Market (AIM) in May, now has 650,000 panel members across 13 European countries.

ToLuna acquired French online MR company Cjudge in May, and subsequently raised £4.4m by floating on AIM. Revenues for the first nine months reached £1.868m (compared with £0.6m in 2004).

Chairman George Kynoch says the group has delivered on its stated strategy, announced in May, of expanding the size and geographic scope of panel membership. He adds that performance continues to be ahead of management expectations.

ToLuna, which has offices in London and Paris, is online at www.tolunapro.com.

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.