Pre-tax profit at Daily Star owner down 7%

INDEPENDENT Star Limited – the holding company which owns the Irish Daily Star newspaper and its sister title, the Irish Daily Star Sunday – suffered a 7% drop in pre-tax profits to just over €6.8 million last year, according to accounts recently filed with the Companies’ Office.

The company’s directors said they were “satisfied” with the results of the year.

“Given the recent downturn in the Irish and global economies, the directors expect trading conditions in 2009 to be challenging,” the directors’ report to the accounts read.