Get a demo Do I subscribe? News sign-up
Download PDF
Print

IPC Posts Healthy Figures

News, 14 December 2000


Magazine publishing giant IPC Media yesterday unveiled notable growth in yearly profits following an extensive restructuring last year.

The company posted a 10.5% rise in operating profit to £72.5 million in the year to September. Revenues also jumped 2.1% to £387.9m, while pre-tax profits rose £2.8m to £15.1m. However, circulation revenue fell £6.3m to £213.2m, following cuts in the cover price of listings guide What’s on TV.

In addition, IPC is attracting more adspend. Revenue from advertising leapt 8%, while its twenty biggest clients increased their spend with IPC by 27%.

However, despite the bullish results chief executive Sly Bailey remained coy about a possible flotation next year. “All options are open,” she said.

News source: The Times (London)