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Indice: DJ
Stoxx MEDIA
Johnston
Press plc is a major publisher of quality local newspapers and local internet
sites, basing its publishing philosophy on local service to local communities.
Johnston
Press publish local newspapers and internet sites produced by local teams
of people who have a dedicated commitment to producing local news and information
that both inform and reflect the important issues of the communities they
serve, thus encouraging loyal, committed and valuable readers and internet
users.
There
are over 140 markets, from St Andrews in Scotland to Portsmouth in Hampshire,
and they are all very different.
05.03.2008 Preliminary
Results for the year ended 31 December 2007 PDF
INTERIM RESULTS FOR THE SIX
MONTHS ENDED 30 JUNE 2006
Johnston Press plc, one
of the leading regional media groups in the UK and Ireland, announces interim
results for the six months ended 30 June 2006.
KEY POINTS 20062005Change
£m£m
Revenue 312. 2264.6+18.0%
Operating profit 99.4 93.0+6.9%
Profit before Tax 79.8 82.2-2.9%
Underlying earnings per
share (note 7) 20.39p20.57p-0.9%
Interim Dividend 3.1p2.8p+10.7%
• Operating profit before
non-recurring items and associates rose 7.8% to a record £101.6m
– operating margins on acquired businesses of 23.9% and on existing business
of 35.0%. • Period characterised by sustained downturn in advertising revenues.
Like-for-like advertising down 8.8% - print down 9.2%, digital up 13.4%
• Like-for-like newspaper sales revenue grew by 1.9% • Strong progress
in Digital Publishing – double digit revenue growth, page impressions up
52%, unique users up 65% • Excellent cost management protecting margins
• Major capital investment programmes at Dinnington and Portsmouth on track
and within budget at just over £100m. Sheffield Star already being
printed at Dinnington. • Good progress on integration of acquisitions with
each achieving earnings enhancing performance in the period OUTLOOK Chief
Executive, Tim Bowdler, said: “The second half has started as the first
half finished with no discernible improvement in advertising revenues.
Our assessment of the underlying market conditions does not suggest any
early recovery in revenue performance. The Group continues to maintain
a tight control of costs and will benefit from the first full year contributions
from the acquisitions made over the past 12 months. “With the steps we
have taken in managing our cost structure and the clear strategy in serving
local communities, we consider the Group to be well positioned for any
recovery in the advertising cycle.” For further information please contact:
Tim Bowdler, Chief Executive Officer or Stuart Paterson, Finance Director
020 7466 5000 (today) or 0131 225 3361 (thereafter) Richard Oldworth/ Suzanne
Brocks Buchanan Communications 020 7466 500
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