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ToLuna Confirms Trebled Revenue and Profit
Online panel provider ToLuna has announced full year results ahead of market expectations. Pretax profit for the year to 31st December 2006 is up 220% from £0.7m to £2.2m, while revenue grew 180% versus pro forma figures for 2005, to £8.4m.
Declaring a proposed final dividend of 0.5p (making a dividend total of 0.75p), the firm expressed confidence for 2007, forecasting accelerated growth for the online MR market in Europe.
The results match predictions made in January (www.mrweb.com/drno/news6362.htm ). During the year 2006, ToLuna grew its panels from 729,000 to 1.3 million members, and more than doubled its client base to 246 companies. The firm was admitted to trading on the AIM Market in May 2005 and has offices in London, Frankfurt, Paris and New York. Its web site is at www.tolunapro.com .
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