AFX Turns a Profit

NEWSWIRES

LONDON-based AFX News has made a profit for the first time since its creation in 1990, managing director Stefan Ploghaus tells Inside Market Data.

Ploghaus says he can't provide specific numbers or say exactly when AFX started making money. But he expects AFX to stay in the black going forward.

He says there are a number of factors behind the growth, including both AFX's Internet services, which recently signed MSN in Europe, and its professional offerings. Regarding the latter, he says, "We'r