Daily Mail Q3 revenue up 5%
Daily Mail and General Trust said on Wednesday that its revenue increased five per cent in the third quarter ended 30th June, compared with the same period last year.
Daily Mail says year starts wellThe publisher of the Daily Mail said that whilst it had suffered from weaker conditions for newspaper advertising it had seen continued growth from its business to business divisions.
The company said it had reduced its debt by £134 million and added that it had made £96 million through disposals of businesses and investments
The Viscount Rothermere, Chairman of the group, said, "Despite the current weakness in economic conditions, our business to business divisions are continuing to perform well. Inevitably, the well-publicised deterioration in the UK economy since we last reported in May is having an impact on our newspaper businesses there. However, our strategy of creating a diversified international portfolio of market-leading operations across both business and consumer products provides considerable resilience and leaves us well positioned to deliver long-term growth."
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