Profits at Casey-owned publishing firm shrink 76%

Pre-tax profits at the publishing group owned by former RTÉ Dragons’ Den judge and current Newstalk presenter Norah Casey decreased by 76% to €78,121 in 2011.

Ms Casey’s Harmonia Ltd, which publishes Irish Tatler, Woman’s Way, U Magazine and Food & Wine, sustained the drop in profits after revenues dipped from €6.3m to €6.1m in the 12 months to the end of Dec 2011.

Finance director with the firm, Michael Fitzpatrick, said yesterday that the company is “very happy” with the 2011 performance “taking into account the difficult personal circumstances at Harmonia and the general state of the market”.