Future Lifted By Bright Start To Year
Future Network has reported an satisfactory rise in revenues for the first quarter as it looks to build on the progress made in 2002.
The consumer magazine and online publisher stated that advertising earnings were up by 6% in the first three months of 2003 while revenue from circulation grew by 8% compared with the same period last year.
Future said that first quarter trading had been “encouraging”, notably in the United States, despite ongoing international and economic uncertainty.
After a difficult 2001, Future returned to the black last year (see Future Network Moves Into Profit In 2002) and recently expanded its magazine portfolio with the acquisition of Hachette Digital Presse in France (see Future Network Acquires French Computer Mags Division).
Future Network’s shares were up 10% at 65p by lunchtime today.
