Infoserve delivers operating profit

In a statement to accompany its results for the six months to September 30 2010, the group said it had cut costs and continued to invest in strategic partnerships, new product developments and sales.

Infoserve helps SMEs (small and medium-sized enterprises) to improve their online marketing performance

Having made EBITDA (earnings before interest, taxation, depreciation and amortisation) profits of 133,000, the group plans to spend the next six months consolidating its position as one of the UK's leading online local search specialists.

Although the core business continued to perform well, profitability had been achieved through tighter financial controls, with turnover remaining relatively static at 2.9m, a fall of 1.8 per cent.

Executive chairman, Steve Barnes, said: "We have seen many of our SME customers go through difficult trading times this year, so I am proud that we have adapted our product offering and value proposition to maintain volumes and revenues.

"There has been little improvement in confidence levels, even from those business sectors that are experiencing growth, and discretionary marketing spend by SMEs, even in the online sector, has been affected.

"I am therefore pleased with the half-yearly results, the revenue figures, and the continued driving down of costs. These successes are a testament to the entire team at Infoserve."