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.
Email to a friend
Print this page- Rangers run into the ground as furious HMRC battles to claw back tax
- Broken Rangers: Club signals intention to go into administration
- Scottish independence: David Cameron offers a deal to reject independence
- Rangers: ‘Crisis will soon be over and Rangers FC will survive’
- Scottish independence: David Cameron set to snub Alex Salmond’s separation talks bid
- Scottish independence: David Cameron offers a deal to reject independence
- Devo-max merely a dodgy back-up plan to save SNP, says Jim Sillars
- Scottish independence: No breakthrough in talks between Alex Salmond and Michael Moore
- The Rumour Mill: Thursday’s football news and gossip
- Scottish independence: David Cameron set to snub Alex Salmond’s separation talks bid
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Edinburgh
Sunday 19 February 2012
Today
Sunny
Temperature: 1 C to 5 C
Wind Speed: 14 mph
Wind direction: West
Tomorrow
Light rain
Temperature: 8 C to 9 C
Wind Speed: 24 mph
Wind direction: South west
