July 23, 2020 / 6:22 AM / 21 days ago

Daily Mail publisher's nine-month op profit falls 44%

LONDON, July 23 (Reuters) - The publisher of the Daily Mail newspaper reported a 44% drop in nine-month operating profit after growth in the first five months was wiped out by the COVID-19 pandemic, although it said its newspapers and website had returned to profit in June.

Daily Mail and General Trust reported adjusted operating profit of 63 million pounds ($80 million) for the nine months to end-June on revenue of 934 million pounds, down an underlying 7%.

The group, which is not issuing guidance for the year, said on Thursday its consumer media unit had returned to profitability in June, with a mid-single digit adjusted operating margin in the month. ($1 = 0.7844 pounds) (Reporting by Paul Sandle; editing by James Davey)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below