Johnston Press announces underlying operating profit increase

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Johnston Press plc, publisher of the Lancashire Evening Post and one of the leading community media groups in the country has announced that underlying operating profit increased by 2.5 per cent from £53.0m to £54.3m last year, the first increase in underlying operating profit for seven years.

Advertising revenues declined 6.4 per cent on an underlying basis and unadjusted advertising revenues were down 10 per cent but significant improvements in the second half reduced this decline to 4.4 per cent in those six months.

Digital revenues were up 19.4 per cent in the full year and 25.3 per cent in the second half of 2013. In the strategically important area of digital display advertising, the company saw revenue growth of 30.3 per cent for the period, and 44.6 per cent during the second half of the year.

 

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