After announcing an increase in turnover of 55% to £49.36m and an increase in pre-tax profits of 9.6% to just over £5m, Adscene’s chairman declared that the group was looking to expand.
Commenting on prospects, Harry Lambert said: “We expect the shake-up in the local newspaper industry to continue, which will create further opportunities for expansion.” The group’s last acquisitions, EMAP Kent Newspapers and the Tamworth Herald and Lichfield Mercury Group in December, proved to be profitable and helped achieve the year’s good growth.
Whilst United Provincial Newspapers, put up for sale by United News & Media at the end of last month, would be a probable target, the current trend in regional newspapers towards consolidation will most likely provide Adscene with plenty of scope to realise its expansion ambitions.
Adscene: 01227 767321
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