Specialist magazine publisher, Future, expects a satisfactory outcome for the financial year as a whole, with trading in the first quarter, October to December, broadly on track.
Commenting on the expected results, Roger Parry, chairman of Future said: “The current market conditions are challenging and we continue to take a cautious view on the near term outlook. Trading in the first quarter of the new financial year was broadly on track.”
According to Future, the December quarter is considerably less significant in the current financial year than last.
At the end of last year, Future warned its investors of a weak market, revealing a 17% dip on profit year on year (see Future Warns Of Weak Market As Profits Slip).
The company blamed tough trading conditions, and weak newsstand sales in the UK and France for its decline, which has seen pre-tax profit fall to £19.7 million for the year to 30 September 2005, down from £23.6 million in 2004.
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