Irish Press posts pre-tax loss

Irish Press has reported a pre-tax loss of €42,000 for last year. Losses were just over €500,000 for the nine months to the end of 2002.

The former newspaper publisher’s main activity is a 59% stake in local radio station Tipp FM. The company’s turnover rose from €1.3m to €1.7m.

The directors are proposing a dividend of 15 cent per share.