iTouch on track for profit in 2004

MOBILE information services provider iTouch has pushed revenues up by 88% in a year and is on course to make profits in early 2004.

iTouch is a spin-off from Independent News & Media in which the publisher of the Irish Independent retains a 36% shareholding.

Merrion Securities analyst Rory Gillen said: “iTouch appears well placed to make a positive, albeit small, contribution to IN&M in 2004 and beyond.”