Wednesday May 27, 2020

Digital ads growth helps boost INM profits

Cost cuts also help figures as print advertising continues to fall

26th August, 2016
Print advertising revenue still declining. Pic: RollingNews.ie

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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