Indo predicts significant profits

PUBLISHING group Independent News & Media expects a double-digit rise in earnings in 2005.

In a trading update yesterday, the company said it has seen good advertising and circulation revenues growth across all its businesses.

The company said it has seen advertising growth in all five regions (Ireland, Britain, South Africa, Australia and New Zealand), with group revenue expected to be 7.5% ahead. Group circulation revenues will be 3% higher than the previous year.