Independent News & Media PLC reported unaudited group earnings results for the six months ended June 30, 2018. For the period, the company reported revenue of EUR 95.0 million against EUR 99.0 million a year ago. Profit before taxation was EUR 9.0 million against EUR 17.5 million a year ago. Profit attributable to equity holders of the company was EUR 8.2 million or 0.6 cents per basic and diluted share against EUR 16.1 million or 1.2 cents per basic and diluted share a year ago. Cash generated by operating activities was EUR 5.1 million against EUR 12.7 million a year ago. Purchases of property, plant and equipment were EUR 1.2 million against EUR 0.7 million a year ago. Purchases of intangible assets were EUR 0.7 million against EUR 0.6 million a year ago.

For the year 2018, the company's EBIT from the underlying business is expected to perform in line with market expectations.