DMGT has delivered another year of growth after reporting a 10% increase in profit before tax in its latest financial report.
Total profit before tax for 2013 was recorded at £282 million, while total revenue for the year was £1,802 million.
Though the Daily Mail and Mail on Sunday combined revenue was down -10%, it still accounted for a significant chunk of the total revenue of DMGT’s UK consumer business, dmg media.
The decline, according to DMGT, is largely due to an -8% decline in print and advertising revenue and a -3% decline in circulation revenue.
However, the group’s main digital platform, the Mail Online, was up a huge 48% year on year, with revenue surpassing the £40 million mark, compared with £28 million in 2012.
DMGT has said that the online platform, which recorded 146 million unique users in September, is investing in its US editorial as it focuses on increasing the size and engagement of its global audience.
Revenue at the Metro declined -10% to £80 million, which is thought to reflect the benefit the Olympics had on last year’s results.
Commenting on the results, Martin Morgan, chief executive of DMGT, said: “DMGT has again delivered a good set of results. We continued to refine and optimise our portfolio of businesses during the year with further strategic bolt-on acquisitions and disposals.
“We believe these changes have improved the overall quality and growth prospects of the group and we look forward to another year of good progress.”
