Progress at newspaper group
Trinity Mirror sees sales and profits rise
In the 53 weeks ended 1 January profit before tax rose from £107.5 million to £133.2m on sales up from £592.7m to £713m. The figures follow the acquisition of the Local World local paper group.
The company said average monthly page views of its websites grew 15.4%, while overall digital sales jumped 12.8%. Digital advertising now accounts for 25% of advertising income, compared with 7% in 2012.
On a like for like basis, revenue fell by 8% with publishing digital revenue growing by 12.8% and publishing print revenue falling by 10.7%.
Sales of the flagship Daily Mirror fell 10.8% compared to a 5.1% fall for the whole UK tabloid market.
Simon Fox, chief executive, said: “We have delivered a strong financial performance in the year despite the challenging environment we face.
“I am particularly pleased with the progress we have made in growing our digital audience and revenue, and with the work we have done this year to develop and refine our strategic priorities for the year ahead.”