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Beano and Courier publisher 'trading well'

DC Thomson benefits from cost control

D C ThomsonCost cutting in printing and distribution help Dundee media empire D C Thomson report a slight increase in annual profits despite an 8.3% slide in advertising revenue at its flagship titles.

The company says the latest accounts reflect “significant change” in the publishing business over the past few years but reducing printing facilities from five to one and outsourcing other functions has enabled it to offset declining sales and advertising revenue.

However, advertising revenue from digital rose 29% and from magazines by 13.8%.

The company’s publications include the Dundee Courier, Sunday Post and Aberdeen Press & Journal, as well as the Beano and magazines such as the People’s Friend.

Its major area of expansion next year will be in the genealogy market as it seeks to build revenue in other sectors. Even so, the core publishing business “continues to trade well in comparison to our peers”.

Figures for the year to the end of March show a rise in group pre-tax profit from £23.7 million to £24.8m on a fall in revenue from £252m to £239m.

It increased the final dividend paid to shareholders from £13.8m to £14.3m making a total for the year up from £17.6m to £18.4m.

 

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