Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Irish Stock Exchange  >  Independent News & Media PLC    INME   IE00B59HWB19

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 
The feature you requested does not exist. However, we suggest the following feature:

Independent News & Media : ' Profit Rises Despite Continuing Tough Conditions

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/21/2017 | 11:35am CEST

LONDON (Alliance News) - Independent News & Media PLC on Tuesday said a significant decrease in pre-distribution operating costs and a rise in digital revenues were to thank for the increase in annual pretax profit in 2016.

The Irish newspaper and media group said total revenue grew 0.7% in 2016 to EUR323.4 million from EUR321.2 million in 2015, thanks to a 20% rise in digital revenue and an improvement within its Distribution unit, as it benefited from new lines of business.

The rise came despite the continued decline in publishing advertising revenue, of 9.2% in the year, as well as the fall in revenue from circulation operations and contract printing due to the closure of the printing operation in Belfast.

Independent News & Media's digital performance was driven by the combined growth in advertising, classifieds and its purchase of CarsIreland.ie. The group said it is focusing less on display advertising revenue and instead is looking to combine native, programmatic audience targeting and commercial partnerships.

Pretax profit grew to EUR55.2 million from EUR31.2 million, helped by the 9.0% reduction in pre-distribution operating expenses, as the company continued to integrate its operations and made operational savings.

Independent News & Media noted that the media industry continued to face challenging times, pointing to the "declining publishing advertising and circulation revenues, and the current slowdown in digital display advertising".

However, despite this, the group said it expects that its earnings before interest and tax performance in 2017 will be within market expectations and that it will continue to generate cash.

Shares in Independent News & Media were up 7.9% at EUR0.120 on Tuesday.

Copyright 2017 Alliance News Limited. All Rights Reserved., source Alliance News

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on INDEPENDENT NEWS & MEDIA P
03/21 INDEPENDENT NEWS & MEDIA : ' Profit Rises Despite Continuing Tough Conditions
2016 INDEPENDENT NEWS & MEDIA : INM PLC Result of Extraordinary General Meeting
2016 INDEPENDENT NEWS & MEDIA : INM - Media Speculation Announcement
2016 INDEPENDENT NEWS & MEDIA : Confirms Issue Between CEO And Chairman
2016 INDEPENDENT NEWS & MEDIA : Seeks Approval For Capital Reduction (ALLISS)
2016 INDEPENDENT NEWS & MEDIA : Profit Up, Digital Advertising Sales Surge
2016INDEPENDENT NEWS & MEDIA PLC : half-yearly earnings release
2016 INDEPENDENT NEWS & MEDIA : Publication and filing of annual report and notice of..
2015 INDEPENDENT NEWS & MEDIA : Combined PDMR Notification Form Robert Pitt Option Aw..
2015 INDEPENDENT NEWS & MEDIA : Commerzbank AG - Irish Issuer TR-1 Form September 201..
More news
Sector news : Newspaper Publishing
05/31DJFox News May Tap Heat Street Editor for Website -- Sources
05/15 PEARSON : Brazilian businessman buys stake in language training chain for $64 mi..
05/12 Dealmaking supports European shares but Richemont profit miss weighs
05/09 QANTAS AIRWAYS : Pie in the sky as Australia's Qantas boss gets just dessert
05/06DJPEARSON : Looks to Sell U.S. Assets -- WSJ
More sector news : Newspaper Publishing
News from SeekingAlpha
05/09 Independent News & Media Plc - Still Undervalued And Making Progress
2016 The Most Undervalued Company In Europe - Independent News & Media Plc
Advertisement
Financials (€)
Sales 2017 317 M
EBIT 2017 37,0 M
Net income 2017 32,2 M
Finance 2017 109 M
Yield 2017 -
P/E ratio 2017 5,16
P/E ratio 2018 5,16
EV / Sales 2017 0,22x
EV / Sales 2018 0,14x
Capitalization 179 M
More Financials
Chart INDEPENDENT NEWS & MEDIA P
Duration : Period :
Independent News & Media P Technical Analysis Chart | INME | IE00B59HWB19 | 4-Traders
Full-screen chart
Technical analysis trends INDEPENDENT NEWS ...
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Average target price 0,17 €
Spread / Average Target 28%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Robert Pitt Group CEO, Director & Head-Investor Relations
Leslie Buckley Chairman
Ryan Preston Group CFO & Investor Relation Contact
Paul Connolly Non-Independent Non-Executive Director
Allan Marshall Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
INDEPENDENT NEWS & MED..1.96%200
NEWS CORP18.59%7 925
ZHEJIANG DAILY DIGITAL..8.72%3 654
NEW YORK TIMES CO30.83%2 807
FAIRFAX MEDIA LIMITED36.52%2 110
DB CORP LTD0.00%1 074
More Results