Shortlist Media, publisher of the free, weekly magazines Shortlist and Stylist, has reported an 81 per cent year-on-year growth in revenues, from £3.1 million to £5.6 million in the year to 31 August 2009.
The group significantly reduced its operating losses and said Stylist, which launched in October 2009 with a start-up cost of £181,000, is expected to be profitable in its third year.