APN expects net profits up 15%

Trading in APN News & Media (APN), in which ISEQ-listed Independent News & Media has a 39.7% shareholding, has remained in line with previous guidance, according to a trading statement released today.

An increase of between 13% and 15% on 2004 full-year net profit after tax is expected.

APN owns newspapers in Australia and New Zealand, runs radio stations in both countries, operates websites like New Zealand’s search4jobs and manages outdoor promotional campaigns.