Irish Press in the black but ‘concern for future’

A PRE-TAX profit of €354,000 has been reported for 2005 by the Irish Press plc, rising from a €306,000 loss in 2004.

The turnaround was largely attributed to a strong performance at its TippFM radio subsidiary in Co Tipperary and a small profit generated by Thom’s Publications. Increased investment income and a reduced charge to goodwill also played a part. The group recorded a turnover of €2 million for the year.

However, management has expressed doubt over future publications of the well-known Thom’s Directory register and concern over growing competition in the regional radio market.