In its half-yearly statement, TMN reported £8m revenue and operating profit of £1.4m. This constitutes a rise of 350% and 190% respectively, in comparison to the same six-month period to October 31 last year.
Established in 1999, the company consists of three core divisions -- email marketing specialist TMN Media, online interactive advertising agency EDR and online market research outfit The iD Factor. It was formerly known as themutual.net
TMNMedia, which now has 10m email addresses, saw underlying year-on-year growth of 38%. Meanwhile, EDR grew by 70% and The iD Factor grew by 122%, adding 41 supply partnerships to its roster in the last six months.
TMN also revealed that recent appointments have pushed its workforce above 100 for the first time.
Mark Smith, chief executive of TMN, said: "Our ongoing success is founded on the growth of the internet advertising market and the increased usage by consumers of the internet. Our growth is in line with our expectations and looking forward, a major contributor will be our unique range of new products such as our lead-generation technology, 'Lead It'."
The half-yearly statement builds on TMN's full-year results for the 12 months ending April 30 2006. TMN more than doubled its profits and saw its annual turnover rise from £3m to £9m compared with the previous year. Its operating profit more than double from £733,000 to £1.7m.
If you have an opinion on this or any other issue raised on Brand Republic, join the debate in the .