Emap Profits Slump 16% but Sell-Off is 'On-Track'

15 November 2007

LONDON: Troubled UK media group Emap reported a 16% slide in first-half pretax profits to £80 million ($165m; €112.5m).

Revenue in the six months to September 30 was £386m, up one per cent from the same period last year, and down 1% on an underlying basis.

However, the magazine and radio giant, which is currently seeking to dispose of its three divisions, said that consumer magazine advertising revenues were "improving" in the second half.

It added that its break-up plans are on track with "good interest" from prospective buyers.

Data sourced from mad.co.uk; additional content by WARC staff