IPT enjoys profits surge in interim results

LONDON – Interactive Prospect Targeting has increased first-half pre-tax profits by 209% to more than £1.3m, helped partly by selling two stakes in other companies.

The AIM-listed direct marketing and data gathering company, which in August paid £4.3m for The Preference Service, grew operating profit by 68% to £704,000 and turnover by 42% to £5.7m.

It added £506,000 to its pre-tax profits by selling its 24% stake in online dating company Allegran to its management and part of its stake in data company Mutual.net.

IPT chairman Colin Lloyd said: "IPT has started the second half of 2005 on a positive note with strong performances from all three of our core operating divisions."

The company has collected 90m questionnaires since 2000 and its sites, which include , have 9m registered users. Its direct division carries out more than 100 campaigns a month for its clients.

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