Companies: WNN   

Text message services business WIN has continued to build on its strong performance of last year, reporting a 118% rise in pre-tax profits to £1.4m on sales advanced 56% to £20.6m during the six months to June. The company, which now claims to be the second largest player in its market, makes its cash through the provision of messaging services to corporate customers. Via WIN’s services, companies can send and receive text messages and deliver content – including football score updates and promotional information – through to their own customers. Several high-profile contracts were secured in the interim period, from Coca Cola, Sky and Whitbread amongst others, and chief executive Peter Button says the company is seeing ‘strong growth’. In spite of tightening market regulation he expects this to continue, especially as picture and video messaging services come to the fore. In order to address the perceived market opportunity effectively, WIN has increased its headcount by 30% to 60 individuals. It also acquired Greek mobile content management business Imako and hopes to use this as a launch pad into the south-east European market. Trading off a prospective p/e of 16.9, WIN’s shares aren’t cheap. That said, analysts are forecasting a profit of around £2.4m for the full year and, given the rapid growth achieved to date and a near £5m cash pile, they remain worth hanging on to.

Win	AIM	£8.67m	86.00p	-2.50p
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