HERALD SCOTLAND - Sep 23 - Bill Dobbie, CEO of Easydate, is sitting on a £10.4M paper profit on his 32.5% stake in the company, less than three months after it listed on the stock exchange. Easydate shares soared 12p or 13.3% to 102.5p yesterday after it announced a maiden first-half profit of under £2M, compared to under £1M for the whole of 2009. Revenue from its sites, which include benaughty.com, girlsdateforfree.com and maturedating.co.uk, was £8.8M for the period, against £8.5M for the full year to Dec 2009. The company is now valued at £77M, £32M more than when it listed at 60p a share on June 30.
The full article was originally published at Herald Scotland, but is no longer available.