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Sanoma Q4 profit falls in line with forecasts
February 7, 2013 / 9:31 AM / 5 years ago

Sanoma Q4 profit falls in line with forecasts

HELSINKI, Feb 7 (Reuters) - Finnish media group Sanoma’s fourth-quarter core operating profit fell 41 percent to 32 million euros on the back of a slump in advertising, in line with expectations.

However, it proposed a dividend of 0.60 euros ($0.81) per share, unchanged from a year ago and above analysts’ average forecast of 0.55 euros in a Reuters poll.

Shares in the company rose 3.4 percent by 0923 GMT. ($1 = 0.7387 euros) (Reporting By Jussi Rosendahl)

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