Music magazine enjoys third successive year of proft

The company that publishes Hot Press magazine recorded a profit for the third year running in 2013 after years of successive losses.

New filings lodged with the Companies Office show Osnovina Ltd recorded a profit of €17,773 in the 12 months to the end of December 2013, with accumulated profits increasing from €621,597 to €639,370.

The profit of €17,773 followed a profit of €13,739 in 2012 — an increase of 29%.