Future Network has reported an satisfactory rise in revenues for the first quarter as it looks to build on the progress made in 2002.
In a trading statment released to coincide with the group’s annual general meeting, Future said that gains had been made in each territory resulting in a 7% rise in overall revenue.
The consumer magazine and online publisher stated that advertising earnings were up by 6% in the first three months of 2003 while revenue from circulation grew by 8% compared with the same period last year.
Future said that first quarter trading had been “encouraging”, notably in the United States, despite ongoing international and economic uncertainty.
After a difficult 2001, Future returned to the black last year and recently expanded its magazine portfolio with the acquisition of Hachette Filipacchi Presse in France.
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