United News and Media’s interim results released today for the six months to 30 June showed good progress and higher than expected profits. Generally, operating profit was up 2.7% to £197.6 million.
Pre-tax profit showed an increase of 2.2%, rising to £177.9 million, and earnings per share were up 3.3% to £25.1 million.
Chief executive Clive Hollick commented: “Our financial position has been strengthened by the sale of the regional newspapers. The impending demerger of our financial services businesses makes us a pure media company with a robust spread of activities serving businesses and consumers around the world [see Newsline]. Trading remains broadly in line with our forecasts and we are in good shape to face the uncertainties ahead.”
United News & Media: 0171 921 5000
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