StockMarketWire.com - Yell Group revenue decreased 12.2% to £787.2m for the six months to end of September 2011.

Whilst digital services revenues grew 149.1% to £63.6m digital directories (Internet Yellow Pages) revenue fell 9.7% to £172.7m and print and other directory (enquiry services) revenues fell 19.3% to £550.9m

EBITDA of £231.4m was down £26.5m whilst profit after tax of £47.9m was up £26.1m.

Live customer websites increased from 124,000 to 355,000 but digital directories visitors declined 15.1% to 42.9m and mobile directories visitors were 3.2m.

Mike Pocock, Chief Executive Officer, said: "We continue to make significant progress in transforming Yell from a provider of print and digital advertising to small and medium-sized enterprises (SMEs) to a leader in the emerging local eMarketplace.

Since announcing our strategy in July, we have succeeded in cementing key strategic relationships in critical areas including eCommerce, mobile, social media and with Microsoft.

"Before the end of the year, we expect to begin to realise the potential of these partnerships through our expanded range of sophisticated digital solutions.

"Despite the increasingly difficult economic environment, trading is in line with recent trends and expectations, with the continued very strong growth of our digital services partially offsetting the decline in directories. We now have 355,000 customer websites live, demonstrating our ability to bring to market and sell new digital products that prove attractive to our large base of SME customers."




At 8:52am: [LON:YELL] Yell Group share price was +0.22p at 3.87p



Story provided by StockMarketWire.com