LONDON Dec 1 The publisher of the Daily Mail
reported an 11 percent drop in adjusted operating profit after
its media business suffered from a fall in print advertising
revenues and challenging conditions in the property information,
energy and financial sectors.
Daily Mail and General Trust reported adjusted
operating profit of 277 million pounds ($347 million) for the
year to end-September on revenue of 1.92 billion pounds, flat on
an underlying basis.
"The reduction was principally due to DMG Media, which
increased digital investment and suffered an underlying 12
percent decline in print advertising revenues, and to Euromoney,
which saw revenues decline by an underlying 4 percent," the
company said on Thursday.
($1 = 0.7975 pounds)
(Reporting by Paul Sandle; editing by Kate Holton)