Centaur Media plc has seen profits grow over the past year, due to double digit growth in online revenues.
In its pre-close trading update for the year ended 30 June 2008, it stated that results were anticipated to be in line with market expectations.
Online revenue increased by 24% in the year and were coupled with significant cost reductions implemented during the course of the year.
Market conditions have weakened during the course of 2008, with print revenues falling by about 8% over the six month period to 30 June 2008 versus the equivalent period in the previous year.
Centaur anticipates challenging trading conditions will continue during the first half of the new financial year, with further weakness in print revenues. However, revenue from events and online products are expected to bolster figures by continuing to show growth.
Centaur’s preliminary results announcement is due on 18 September 2008.
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