Specialist information publisher Electric Word has returned to profit.
In its interim results for the six months ended 31 May 2012, Electric Word posted £100,000 profit, up from a £100,000 loss in the same period last year.
Group adjusted profit before tax was down slightly from last time at £400,000 (2011: £500,000).
Revenues during the period remained the same as last year at £7.7 million, whilst net debt remains at £1.7 million.
The company, which provides books, events and other specialist information services to the sport, education and healthcare sectors, also reported earnings per adjusted share of 0.07 pence, lower than last year’s 0.15 pence on an adjusted basis.
Julian Turner, chief executive of Electric Word, commented: “We are engaged in a programme of investment to create businesses of lasting value in each of our markets. We have continued this programme despite the difficult trading conditions that we have faced in public sector markets because we see new opportunity in the structural changes that are taking place.”