Profits surge at media firm

The parent company of Daft.ie saw a huge surge in profits last year, with operating profit more than doubling in the 12 months.

Turnover at Distilled Media Group Ltd rose by more than €730,000 from €7.61m to €8.35m.

In addition to rising revenues, the company — which owns a number of the country’s most popular online brands, including daft.ie, boards.ie and adverts.ie  — also saw its cost of sales rise by more than €60,000, while administrative expenses fell from €6.2m to €6.06m.