Irish Daily Mail parent profits fall

PROFITS and revenue at the holding company of the Irish Daily Mail both fell marginally last year.

Accounts just filed with the Companies Office show that Associated Newspapers (Ireland) — which publishes the Irish edition of the Daily Mail newspaper, along with its sister Sunday title — made a pre-tax profit of €1.44 million in the 12 months to the end of October. This figure was slightly down on the €1.56m profit generated the previous year.

Turnover for the company’s latest fiscal year amounted to just over €18.9m; down by 2.3% from a €19.4m figure in the previous 12 months. The latest accounts also show that Associated Newspapers’ Irish operations suffered an 8.3% fall in operating profit, from just under €1.6m in 2009 to €1.46m last year. After-tax profits fell from €1.34m to €1.15m.