Discovery Reports 28% Increase in H1 Profit

In the UK, Discovery Group has reported a 28% increase in half year profit to £175k, and a 6.5% rise in turnover; taking the group's revenues to £1.46m in the first half of 2010.

Founded in 1995 by husband and wife research team Trish and Ken Parker, Discovery comprises three businesses: full service agency Discovery Research; London and Leeds viewing facilities provider Spectrum; and The Thinking Shed, a qual tool designed to enhance and improve the online respondent-researcher experience.

For the full-year 2009, the group reported a 10% increase in revenues, and a 40% year-on-year rise in profits on turnover of £2.8m.

During the first six months of 2010, Discovery says it added 11 new clients to its roster, and continued to enhance the loyalty of existing clients - one third of which have worked with the firm for more than a decade.

Investment in The Thinking Shed has continued to be a priority, and a new version of the tool with multi-lingual capabilities and a range of other new functionality, is planned for launch in the autumn.

'2009 was a phenomenal year for Discovery, so we take huge pleasure in reporting another rise in both revenues and profits for the first six months of this year,' states MD Trish Parker.

Web sites: www.discoveryres.co.uk , www.spectrumview.co.uk and www.thethinkingshed.com .