Yell's print publications take further hit
The firm, which hopes to reinvent itself as an online hub for businesses and consumers, said revenues at its traditional operation declined to 263.6 million in the quarter to 30 June, following on from a drop of 18 per cent to 1.3 billion in its last financial year. Digital revenues increased by 11 per cent to 119.7m in the quarter, as the number of companies paying to use its online services increased 8 per cent to 927,000.
But this was not enough to offset the decline in its print business, which has been hit by internet competition.
Overall revenues fell 11 per cent to 383.3m, while underlying profits were down 16 per cent to 109.1m.