LUXEMBOURG: Metro International, publisher of 64 free newspapers in 91 major cities in nineteen countries, achieved a 16% rise in ad sales in its second quarter, despite some advertisers reducing expenditure during the soccer World Cup tournament.
The company registered a Q2 operating profit of $12.3 million (€9.74m; £6.66m) compared with $2.7m a year ago, while eleven of its eighteen subsidiary or associated companies operated in the black during the three months to June 30.
In the first half of 2006 Metro also saw net sales grow 16% year on year at constant exchange rates, while total operating profit stood at $2.6m, compared with a loss of $13.7m in the same period in 2005.
© Copyright 2017
All rights reserved including database rights. This electronic file is for the personal use of authorised users based at the subscribing company's office location. It may not be reproduced, posted on intranets, extranets or the internet, e-mailed, archived or shared electronically either within the purchaser's organisation or externally without express written permission from WARC.