Johnston Press profits fall as revenue declines

Irish and British regional newspaper publisher Johnston Press Plc said profit for the 26 weeks ending June fell as revenue from print advertising continued to decline, with classified print advertising accounting for majority of the fall.

Johnston, which publishes the Limerick Leader, Kilkenny People, and Leinster Leader, as well as The Scotsman and the Yorkshire Post, said that it expected 2012 results to be in line with its current expectations if the UK economy did not deteriorate further.

The company said it had been hit by the adverse economy in both Ireland and Britain.