Regional Business Information for the North West
DMGT underlying revenues up 2%
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8th February 2012
Daily Mail and General Trust is trading in line with its expectations with underlying first quarter revenue up 2% at ££495m.
The company reports good underlying revenue growth of 6% from B2B operations and stable revenue at Associated Newspapers, but weakness in print advertising.
Chief executive Martin Morgan said: "We have made a solid start to the year with trading in the first quarter in line with our expectations.
"Overall our B2B operations achieved good underlying revenue growth, whilst our consumer media operations were resilient with increased national circulation revenues which, together with a strong digital performance, offset a decline in print advertising revenues.
"Whilst we acknowledge the continuing external uncertainties, particularly for UK advertising, the outlook for the year remains unchanged."
At 9:17am: (LON:DMGT) Daily Mail & Gen Trust A share price was -16.1p at 446.3p
Story provided by StockMarketWire.com
