Wilmington reports 'significant progress'

B2B publisher Wilmington reported a 13 per cent year-on-year increase in revenue in the last half of 2007, the company said this morning.

Like-for-like revenue for the six months to the end of December was £39.9m. Pre-tax profits rose 13.5 per cent year on year to £5.7m. Wilmington Business Information, publisher of Press Gazette, “continued to perform well”.

Wilmington said it made a “modest profit” from the £12m sale of a sizeable part of its publishing business to Progressive Media last summer. The sale included titles such as Blueprint, FX and What Van?, described by the company as “non-core”.

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