Daily Mail and General Trust has reported a rise in pre-tax profits to £144 million in the six-months to March 30, with revenue rising 5% to £1.17 million.
Associated Newspapers, DMGT’s national newspaper division, produced saw operating profits dip 1% in a tough market while advertising revenue was up by 4%.
Advertising revenues were up 4% to £242 million at Associated, while Mail Online, the Daily Mail and Mail on Sunday‘s website, trebled revenues to £4 million.
DMGT finance director, Peter Williams, added that the company’s free afternoon newspaper London Lite was outperforming its rival, News International’s thelondonpaper.
“It’s performing much better than its competitor in all regards. We are distributing fewer copies and have the same readership, we are taking more advertising revenue,” he said.
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