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Daily Mail profits to suffer 'marginal' slump
THE owner of the Daily Mail today said profits in the first three months of its year would only be "marginally below" the same time last year.
Daily Mail & General Trust chief executive Martin Morgan said operating profit was "well ahead of its expectations" and only marginally below a strong first quarter last year.
Revenue for the first quarter of its year increased by two per cent on last year to 568 million.
Mr Morgan said: "This good performance, along with continued management of our cost base, will help to offset the effect of expected weaker trading conditions going forward."
Associated Newspapers' total revenues for the quarter fell by five per cent to 237m. Circulation revenues rose by one per cent.
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Saturday 26 May 2012
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