Saturday December 14, 2019

INM first-half profit down nearly 20%

The publisher said it faced "continued challenging trading conditions" and would not pay a dividend for 2017

23rd August, 2017
INM chairman Leslie Buckley and chief executive Robert Pitt Pic: Fergal Phillips

Independent News & Media has reported a 19.5 per cent drop in first-half pre-tax profit to €14.9 million and said it would not propose a dividend for 2017 as it continues to deal with what it described as a "challenging" operating environment in the media industry.

The company said that despite those challenges, it expected to deliver earnings in line with revised market expectations following its July...

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