Profits at Daily Mail publishers fall

PRE-tax profits at the publishers of the Irish Daily Mail and Irish Mail on Sunday newspaper titles in Ireland fell slightly last year from €900,398 to €868,139.

This is the second year in a row Associated Newspapers (Ireland) Limited made a profit and reduced retained losses at the company to €66.8 million at the end of the company’s financial year, September 28, 2008, according to accounts filed with the company’s office.

Auditors Deloitte said liabilities exceed the assets of the company, as stated in the balance sheet, resulting in a situation which may require the convening of an extraordinary general meeting of the company.