Trinity Mirror has announced that its online revenues for the 26 weeks ending June 29 grew by 24.4% on an underlying basis.
In a trading update, the publisher also said that it will continue to invest in digital and the ongoing capital investment to implement its new operating model across the group.
It added that it remains on track to deliver its targeted £20 million (incremental £7 million in 2008) cost savings by the end of 2008.
Trinity Mirror said: “In view of these difficult trading conditions and the uncertain outlook the group currently anticipates the full year operating profit to be some 10% lower than expectations. Month on month volatility remains and this could worsen as we trade through a very uncertain economic outlook.
“In the challenging advertising environment management continues to manage the cost base tightly and will continue to seek opportunities for further efficiencies in operations.”
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