Irish Daily Star newspapers report €4.3m in operating profits

Independent Star Limited, publisher of Irish Daily Star newspapers, has reported operating profits of €4.3m for the year ended 31st December 2010.

Independent Star Limited, publisher of Irish Daily Star newspapers, has reported operating profits of €4.3m for the year ended 31st December 2010.

These profits show a year on year decline of 10% and a decline in total revenues of 5%.

However costs were cut by 5.5%.

During the year the company paid dividends of €4.55m to its shareholders.

Paul Cooke, Managing Director, said: "2010 was a challenging year for Irish Media.; however these results show that The Star’s financial performance compares very favourably with its peers. Furthermore this performance combined with the profits reported for Independent News & Media for the first half of 2011 show that the domestic Irish newspaper sector is very much alive.

"The Star itself performed particularly well in the advertising market with a year on year decline of only 1% compared to a national market decline of 7% according to the National Newspapers of Ireland statistics."

The company is a joint venture between Independent News & Media and Northern Shell.

More in this section

Budget 2022 Logo

What impact will this  year's budget have on you and your business.

IE logo
Devices


UNLIMITED ACCESS TO THE IRISH EXAMINER FOR TEAMS AND ORGANISATIONS
FIND OUT MORE

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
Puzzles logo
IE-logo

Puzzles hub

Visit our brain gym where you will find simple and cryptic crosswords, sudoku puzzles and much more. Updated at midnight every day. PS ... We would love to hear your feedback on the section right HERE.

Lunchtime
News Wrap

A lunchtime summary of content highlights on the Irish Examiner website. Delivered at 1pm each day.

Sign up
Revoiced
Newsletter

Some of the best bits from irishexaminer.com direct to your inbox every Monday.

Sign up