The Telegraph Group made an operating loss of £12.1 million in the year to January 1 2006, following the £45.8 million cost of relocating to new offices and restructuring.
The £45.8 million was made up of £32.2 million in relocation expenses and £13.6 million for the cost of reorganisation, which included redundancies.
Turnover at the Telegraph Group was £322.8 million, up by just £1.4 million.
Advertising revenue dropped 4%, whilst revenue from copy sales was up 2%. Other revenues, which includes new media and reader offers, was up 9%.
Operating profit increased very slightly, up by £0.6 million from £33.1 million to £33.7 million.
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