Media

Trinity Mirror upbeat despite falling revenues and profit

Newspaper publisher forecasts full-year results to be ahead of expectations

Copies of the Daily Mirror newspaper move along the production line at the Trinity Mirror print plant. The publisher publisher Trinity Mirror said it expected its full-year results to be marginally ahead of expectation. Photo: Bloomberg
Copies of the Daily Mirror newspaper move along the production line at the Trinity Mirror print plant. The publisher publisher Trinity Mirror said it expected its full-year results to be marginally ahead of expectation. Photo: Bloomberg
Mon Jul 28 2014 - 08:21

British newspaper publisher Trinity Mirror said it expected its full-year results to be marginally ahead of expectation, enabling it to pay a dividend for the first time since 2008.

Trinity said its first-half profit before tax came in at £48.2 million, down 2.2 per cent, with revenue down by 2.3 per cent.

It will recommend a final dividend for 2014 of 3 pence per share, which would be payable in June 2015.

“At this stage the board expects paying annual dividends of some 5 pence per share from 2015,” it said.

READ MORE

Reuters