Trinity International Holdings, the UK regional newspaper publisher, has announced pre-tax profits of £56.2 million for the year to December 28. This is an increase of 14% on the previous year. Turnover showed a drop of 2.3% to £332.5m, with the fall being blamed on the sale of the group’s Canadian division. Excluding this, turnover rose 7.5%.
Trinity said that strong ad revenues, lower newsprint prices and last year’s restructuring in the North West all contributed to the growth.
Chief executive Philip Graf commented: “1998 has started encouragingly. Newsprint prices are stable and we continue to invest in our newspapers. Whilst we expect a slowing in the economy during the year…I remain confident in the prospect of another good year for Trinity.”
Trinity: 0171 457 2345
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