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.
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%.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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
-
Parental contributions to kids' university living costs could reach £14,000 a year
Parents helping kids with university living costs face contributions of up to £14,000 per year, according to a report from HEPI and TechnologyOne.
By Oojal Dhanjal Published
-
Rightmove: property asking prices hit record high
News Rising demand for top of the ladder home is boosting asking prices, Rightmove research shows. Is now a good time to sell a property?
By Marc Shoffman Published