Emap chief executive, Robin Miller, revealed yesterday that the company is planning at least one consumer launch later this year with a target circulation of 100,000.
The announcement came with the news that Emap’s profits have soared by 56% from £27.1m to £42.4m for the year to the end of April. Operating profit for consumer magazines rose by 17% to £24.2m, with turnover also on the up rising to £142.6m. Earnings per share increased by 23% to 16.3p , placing dividends per share at 7.9p.
The company’s magazine portfolio includes More!, New Woman and Smash Hits.
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