Digital ads growth helps boost INM profits

Digital ads growth helps boost INM profits
Print advertising revenue still declining. Pic:

Cost cuts also help figures as print advertising continues to fall

Independent News & Media (INM), the owner of some of the country's biggest newspaper titles, has reported a 22.5 per cent increase in pre-tax profits for the first half of 2016, helped by strong growth in digital advertising and cost cuts.

The group said pre-tax profits for the period were €18.5m, up from €15.1m a year earlier. Revenue rose 2.7 per cent to €161.6m. Earnings per share rose from 1 cent to 1.2 cent and the group...

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