By Alyson Fixter
B2B publisher Incisive Media, which includes Risk and Investment
Week in its portfolio of magazines, has announced that its pre-tax
profits rose 45 per cent last year to £5.3 million.
The London-based company increased staff numbers by 10 per cent last
year – up to about 400 –and plans to continue a programme of new
launches and acquisitions in 2005, according to chief executive Tim
Weller.
Weller said that the company’s growth had come not only
from new buys, such as the data group Initiative Europe last year, but
from strong performances in its existing titles.
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He added: “As well as new launches, we’ve increased the frequency of some of our titles and taken on more staff at others.
“While everywhere else is shrinking its staff, we’ve been growing ours.
“There will be a lot of new opportunities for people in the industry,” he added.
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