B2B drives growth at DMGT

With just one month of its financial year to go The Daily Mail and General Trust (DMGT) said its full-year outcome is set to be in line with market expectations.

The Daily Mail publisher and exhibitions organiser said underlying revenue was up 3% year-on-year.

As expected, the business to business (B2B) operations were the star performers, with underlying revenue up 8%.

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Net debt is expected to be less than £700m at the financial year-end.

Martin Morgan, Chief Executive, said: "The consumer business delivered a resilient performance and also benefited from incremental revenue from the Olympics.

"Going forward our focus will remain on driving organic growth, operational and financial efficiency and pursuing an active portfolio management approach."

More to follow ...

JH