‘Hot Press’ profits increase for fourth straight year

Profits at the firm which publishes music magazine Hot Press trebled in 2014, latest accounts show.

A post-tax profit of €51,596, for Osnovina Ltd, represented the fourth consecutive annual surplus after years of successive losses.

Accumulated profits at the firm increased from €639,370 to €690,966 in the 12 months to the end of December 2014.