Datamonitor reports £2.5m pre-tax profit

UK market research company Datamonitor has reported a £2.5m (€3.7m) pre-tax profit in the year to December 2003 from a £6.6m (€9.7m) loss the year earlier, as cost cutting plans paid off.

Sales were up 27.2% to £40.2m (€59.5m), while like-for-like sales, excluding ComputerWire which it bought in October 2002, rose 18.3% to £36.4m (€53.8m).