Express Newspapers has reported pre-tax profits of £55 million for 2007, according to accounts filed at Companies House.
The owner of the
Daily Express and
Daily Star national newspapers has reported a pre-tax profit of £54.85 million, on turnover of more than £280 million, in the year ending 31 December, 2007.
Turnover in 2006 was more than £275 million, but profits were just £8.9 million, largely thanks to the group’s chairman Richard Desmond’s £32 million pension contributions that year.
The group increased its salary payout from £37.5 million to more than £38 million last year, while administrative expenses reduced from more than £131 million to nearly £91 million.
Related Links
