LONDON: The UK's biggest newspaper publisher Trinity Mirror announced interim results for the first half of 2007, posting a 7.4% rise in pre-tax profits to £98.2m ($199.8m; €145.9m), compared to the year earlier period. Revenues were broadly flat year-on-year at £526.3m.
Ceo Sylvia (Sly) Bailey said careful control of the purse strings and better market conditions had helped boost the numbers.
She added: "The progress of our multiplatform strategy coupled with improving trends in our advertising markets gives us confidence in our ability to drive further growth."
However, Trinity has been forced to backtrack on the amount of cash it expects to raise from the sale of a raft of regional and racing papers, reducing this from £600m to £450m. The disposals are part of a major £10m cost-reduction strategy.
Data sourced from Media Week (UK); additional content by WARC staff