Trinity Mirror has released full year results which came in ahead of expectations, with pre tax profit before exceptional items up 0.9% to £155.5m
Sir Victor Blank, Chairman of Trinity Mirror plc, commented: “In the course of the past year we have strengthened Trinity Mirror, during one of the toughest trading periods in recent history. We have delivered a cohesive and wide-ranging review of our regional businesses that is starting to deliver real operational benefits; our Scottish national titles are beginning to create more value from their market leading positions and today we are outlining a new and revitalized strategy for value creation in our Mirror titles. I look forward to reporting the progress of these new initiatives during the coming year.”
He continued: “In the first two months of 2002, the advertising market has remained tough. The directors believe it is prudent to plan on this remaining so throughout most of the year. However, the strategic initiatives and successful cost reduction programmes give the Board confidence in the underlying performance this year.”
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