IN&M lowers profit forecast

Independent News & Media (INM) today lowered its profit forecast for 2009, describing the current business environment as "extremely challenging".

IN&M lowers profit forecast
Fri, 12 Jun, 2009 - 13:28

Independent News & Media (INM) today lowered its profit forecast for 2009, describing the current business environment as "extremely challenging".

The company also expressed optimism that a resolution would be reached on the issue of refinancing its €200m bond, and revealed the intended sale of a number of assets.

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