Independent News & Media plc Announces Group Unaudited Earnings Results for the Year Ended December 31, 2016; Provides Earnings Guidance for the Year 2017
The company provided earnings guidance for the year 2017. The company continues to face challenging times with declining publishing advertising and circulation revenues, and the current slowdown in digital display advertising. However, despite these ongoing challenges, the Group anticipates an EBIT performance in 2017 within market expectations and continued cash generation.