Leinster Leader sees turnover increase to €1.3m

NEWSPAPER group, the Leinster Leader limited, saw its turnover increase last year from almost €1.2 million to just over €1.3m.

The company did not give any profit figures in the accounts filed for the 52 weeks ended January 1, 2011, but it made losses of €201,000 in 2009. The losses in 2009 were due to the disposal of the investment in Tallaght Publishing Ltd.

The 2010 accounts show that the company has net liabilities of €19,481,000 but a letter of support has been provided by company’s ultimate parent firm, Johnston Press plc, that confirms the group will not seek repayment of the intercompany balances for at least 12 months from the date of signing the financial statements.