Subscribe Login
A-Brands

Independent News & Media Posts 13.5% Increase In Profits

Independent News & Media, which owns the Irish Independent, The Herald and the Sunday World among others, has today (28 August) posted a 13.5% increase in profits for the six months to 30 June.

The group saw its total revenue decline slightly (-0.3%) to €157.3 million for the period, however profit before tax rose to €15.1 million.

INM said that it had 'taken advantage of good market conditions in H1 2015, driving year on year growth in total advertising revenue of 2.9%'. Digital advertising at the group was up 43.8%.

Circulation revenue was down by 4.0%.

"The first half of 2015 has been very satisfactory for Independent News & Media both from an operational perspective, where we have seen a continued strong performance across our titles, and from a financial perspective where we have made significant progress in addressing legacy balance sheet issues," said Robert Pitt, INM group chief executive.

© 2015 - Checkout Magazine by Stephen Wynne-Jones

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

Stay connected with our weekly newsletter
Enjoy the most important stories from the world of Irish grocery retail, curated for you by our team of experts every week.
Stay connected with our weekly newsletter
Stay connected with our weekly newsletter
Enjoy the most important stories from the world of Irish grocery retail, curated for you by our team of experts every week.
Stay connected with our weekly newsletter