LONDON: UK newspaper and digital publishing giant Daily Mail and General Trust on Friday revealed a first-half pre-tax profit hike of 24% to £135 million ($267.9m; €199m).
It warned, however, that growth is not expected to be as strong during H2 due to increased investment in business information and online services.
The company, which owns the Daily Mail and London Evening Standard titles among others, said its newspaper division had contributed less than half of the group operating profit for the first time, as business-to-business activities grew.
Newspaper advertising revenues from the national titles rose 2% to £231m but, excluding the London market, the rise was nearly 5%.
DMTG added: "The advertising market remains volatile and short term."
Data sourced from Financial Times online; additional content by WARC staff