Media group sees shift in revenues
Mail sees 7% profit slump amid pressure on print
Daily Mail and General Trust reported reported PBT of £260m million for the year to the end of September against £281m last time.
The company said it had suffered from “an underlying 12% decline in print advertising revenues”.
In a statement it said: “The significant organic and M&A investments made across the Group over the past few years have started to bear fruit.
“Alongside this we have been expanding MailOnline while our newspapers continue to outperform the market.
“We have entered the new financial year with our businesses performing in line with our expectations.
“Whilst certain of our B2B businesses continue to face challenging market conditions, overall we still expect to deliver underlying revenue growth for the B2B sector as a whole.
“On the consumer side, revenue progress will be largely dependent on the print advertising environment, balanced against further growth in digital areas, although a continued focus on cost efficiencies should provide margin stability for dmg media. ”