Pre-tax losses increase threefold at Irish Press

PRE-TAX losses at Irish Press plc last year increased more than threefold to €1.92 million “in a very difficult year” for the company.

Accounts just filed by Irish Press PLC with the Companies Office show that revenues at the group from its publishing and media activities declined by 13% from €3.8m to €3.3m in the 12 months to the end of December last.

The group controls Tipp FM and the M+C medical marketing company and in his statement to shareholders, chairman and chief executive, Éamon de Valera said that “a most disappointing trading performance by M+C, together with a further write down of financial investments combined to result in a loss for the financial year”.