The Week: City news - Chime reports profits rise

Chime Communications, the owner of VCCP, has reported a 25 per cent rise in pre-tax profits to £13.8 million for 2007.

The company's profit margin improved slightly to 16.3 per cent and organic growth climbed 11 per cent. The advertising and marketing services division delivered the strongest rise in profits, up by 68 per cent to £5.9 million compared with 2006.