Interim Results

ADVFN PLC
30 March 2004

Embargoed for release until 7.30 a.m. 30th March 2004



                                   ADVFN PLC
                           ('ADVFN' or 'the Company')


           Interim Results for the Six Months Ended 31 December 2003


ADVFN, the UK's leading private investor website, today announces interim
results for the six months ended 31 December 2003.


Highlights:



•  EBITDA profits of £301K (2002 £10K loss)

•  Subscriber numbers increased by 27% from December 02 to December 03 and
   by 66% from December 02 to March 04.

•  User numbers increased by 31% to over 300,000 from December 02 to
   December 03 and by 48% from December 02 to March 04.

•  Revenues up by 23% to £1.33 million (2002 £1.08M)

•  Net loss reduced by 45% to £147K (2002 £268K)

•  Net loss per ordinary share reduced by 50% to 0.04p (2002 0.08p loss)

•  Successful launch of new stock market data



Clement Chambers, Managing Director of ADVFN commented:



'These are exciting times for ADVFN. With significant increases in both revenues
and user numbers and with many important developments in the pipeline we look to
the future with anticipation .'



For further information, please contact:


ADVFN

Clement Chambers      Managing Director   [e-mail]
Michael Hodges        Chairman            [e-mail]
Francesca De Franco   PR                  [e-mail]    020 7070 0932



ADVFN PLC


Chairman's Statement


I am pleased to report that ADVFN is making good progress in all areas of its
business.

We have continued to build on our previous successes, making a solid EBITDA
profit.  In the period we have strengthened the business by introducing many new
features to the ADVFN site. We have taken advantage of the recent market
conditions to add further robustness to our organisation, product and finances.
This progress continues to accelerate as I write.


We have begun adding new sources of data from a range of different markets
including the Toronto Stock Exchange, the TSX Venture Exchange - Canada's
venture capital marketplace - the Montreal Derivatives Exchange, the Montreal
Options Exchange and a host of Canadian indices. Other specialised exchanges
will follow to complete a comprehensive North American package. We have also
added Russian exchanges to take advantage of this exciting and growing market.
We will be adding an exhaustive range of exchanges throughout 2004 and 2005,
together with new services and innovative tools to help our users take advantage
of all the World's major markets.


New exchanges from around the world will give us a depth of data to provide
users around the world with a truly global offering.


Our ethos is to improve our product by listening to our members. In this way we
optimise our efforts to provide what our customers want and need. For example
our charting software has advanced to become best of breed on the net thanks to
user feedback. If you are a stock chartist and have not viewed our enhanced
charts, please do so, as I am sure you will be impressed by their level of
sophistication and usability.


We are making progress outside of the UK and are now attracting advertisers from
overseas. Our newly introduced Foreign Exchange service has attracted robust
levels of US advertising and this appears to establish a lucrative trend driven
by global site traffic.


ADVFN staff are committed to our growth and development. It is their skills and
dedication coupled with the interactive feedback from our users, which make us a
unique business proposition. We thank everyone for their efforts in helping
ADVFN remain the leading online destination for private investors in the UK. We
look forward to becoming the leading destination for private investors in the
world. This is the goal we are all working towards and one we believe we can
achieve.


Michael Hodges
Chairman
29th March 2004


Managing Director's Statement


Operating Review


Turnover for the six months to December 31st was up 23% to £1.33M compared to
the same period last year. In the same period losses before tax were reduced by
over 45% to £147K from £268K and the net loss per share was reduced by 50% to
0.04p from 0.08p in 2002.


More importantly we achieved an EBITDA profit of £301K compared to a loss of
£10K last year as can be seen from the table below:

EBITDA - Earnings     Six months ended    Six months ended    Year ended   
before interest, tax, 31 December 2003  31 December 2002      30 June 2003  
depreciation,             £'000              £'000               £'000
amortisation and                                                     
exceptional items                                                           

Loss before tax - per           (147)              (268)         (1,218) 
financial statements                                                          
Amortisation                      130                164             329 
Exceptional item -                  -                  -             352 
Impairment                                                                    
Depreciation                      324                 92             944 
Net interest                      (6)                  2             (3) 
                   
EBITDA                            301               (10)             404 


Current Trading


I am pleased to report that since December our trading has continued to improve.
We have increased our overall user base by over 33% from 250,000 at June 2003 to
over 335,000 at March 2004 with an increasingly significant proportion of new
users coming from the USA and overseas.  We enjoyed a steady rise in
subscription up to Christmas, which has since been followed by a very strong
period. This progress sees us with approximately 66% more subscribers than this
time last year and an equivalent increase in subscription revenue.


We launched the first of our new overseas markets this year with the Russian
Stock Exchange. Numerous Canadian exchanges rapidly followed and major German
exchanges are being added now. We are well on track in our plans to incorporate
data from all the worlds important markets over the next two years and we hope
to have at least 40% launched by the end of the calendar year.


Prospects


ADVFN has been able to take advantage of more benign market conditions and is
now growing at an accelerated rate. It is exciting to be able to tell
shareholders that the daily registration rate is currently running at a level
400% greater than this time last year. These rates have been sustained over an
extended period and we are convinced they will translate into both top and
bottom line figures in due course.


It is tempting to become over enthusiastic about signups and forget that user
bases mature over the medium term.   A new user today can take an extended
period to become an established part of an audience. Consequently this rapid
growth can be considered as laying down the foundations for future revenue
growth.


ADVFN has come a long way since its early days. We have built a solid business
platform by investing in our staff, our processes and our infrastructure. While
continuing to grow our UK business, the market opportunity outside of the UK is
significant. We are well positioned to exploit this potential. I have the
pleasure to be able to tell you that we already have market penetration in the
US and that every day our traffic and revenue is growing in this territory. It
is our goal to repeat our UK success in the US and elsewhere. We are happy with
our progress and quietly confident of a very positive outcome.


Clement Chambers
Managing Director
29th March 2004


                                    ADVFN PLC
                      CONSOLIDATED PROFIT AND LOSS ACCOUNT

                            Six months ended    Six months ended     Year ended   
                            31 December 2003    31 December 2002    30 June 2003  
                                Unaudited           Unaudited          Audited    
                                  £'000               £'000             £'000     
  Turnover                            1,334               1,083           2,264 

  Cost of sales                        (60)                (29)            (74) 
                                 __________          __________      __________ 
  Gross profit                        1,274               1,054           2,190 

  Administrative                                                                
  expenses                                                                      
  Exceptional item -                      -                   -           (352) 
  impairment loss                                                               
  Other administrative              (1,427)             (1,320)         (2,921) 
  expenses                                                                      
                                 __________          __________      __________ 
  Total administrative              (1,427)             (1,320)         (3,273) 
  expenses                                                                      
                                 __________          __________      __________ 
  Operating loss                      (153)               (266)         (1,083) 

  Amounts written off                     -                   -           (138) 
  investments                                                                   
                                 __________          __________      __________ 
                                      (153)               (266)         (1,221) 

  Net interest                            6                 (2)               3 
                                 __________          __________      __________ 

  Loss on ordinary                    (147)               (268)         (1,218) 
  activities before                                                             
  taxation                                                                      

  Tax on loss on                          -                   -             304 
  ordinary activities                                                           
                                 __________          __________      __________ 
  Loss on ordinary                    (147)               (268)           (914) 
  activities after                                                              
  taxation                                                                      
                                 __________          __________      __________ 
  Loss per ordinary                 (0.04p)             (0.08p)         (0.26p) 
  share                                           


There were no recognised gains or losses other than the result for the financial
period.



Notes to the Interim Statement



1. The calculation of loss per share is based on the loss on ordinary
activities after taxation divided by the weighted average number of shares in
issue for the period which was 405,900,000 (335,602,000 in the six months ended
31 December 2002 and 350,253,000 in the year ended 30 June 2003).


2. The directors do not recommend the payment of an interim dividend.


3. The financial information contained in this document does not constitute
statutory accounts within the meaning of Section 240 of the Companies Act 1985.
The financial information for the year ended 30 June 2003 is extracted from the
audited financial statements for that period on which the auditors gave an
unqualified report. A copy of those financial statements has been filed with the
Registrar of Companies.


4. Copies of this statement are being posted to shareholders shortly and will
be available from the company's registered office at 642a Lea Bridge Road,
Leyton, London, E10 6AP.






                      This information is provided by RNS
            The company news service from the London Stock Exchange