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DLY MAIL & GEN TRUST

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DMGT

GB00BJQZC279

Daily Mail and General : sees tough ad market in 2016 after profits dips

November 25, 2015 at 02:21 am EST

LONDON (Reuters) - The publisher of Britain's Daily Mail said a tough print advertising market was likely to hit its performance next year after it reported a 4 percent fall in pretax profits for the year to Sept. 30.

"The challenging market conditions in the UK print advertising market and those facing Euromoney in the investment banking and commodities sectors are likely to have an adverse impact on financial year 2016 results," Daily Mail and General Trust said on Wednesday.

The group, which also runs the popular MailOnline website, reported adjusted pretax profit of 281 million pounds, just ahead of market consensus which stood at 276 million pounds, on revenue up 1 percent on an underlying basis to 1.85 billion pounds.

(Reporting by Paul Sandle; editing by Sarah Young)

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Company Profile

Daily Mail and General Trust plc manages a portfolio of companies that provide businesses and consumers with compelling information, analysis, insight, events, news and entertainment. The Company's segments include property information, events and exhibitions, and consumer media. Its property information segment provides technology, data and workflow solutions to clients involved in commercial and residential property markets as well as risk and valuation services to the Commercial Mortgage-Backed Securities market. Its events and exhibitions segment is an organizer of business-to-business (B2B) exhibitions and conferences focusing on the energy, construction, interiors, hotel, hospitality and leisure sectors. Its consumer media segment is focused on delivering journalism to a global audience.

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