Profits triple at regional newspaper group to €1.09m

Company operates more than 20 local news titles here including The Limerick Leader, The Dundalk Democrat and The Leinster Leader

The pre-tax profits of €1.099m in 2022 follow pre-tax profits of €323,207 in 2021.

Pre-tax profits at newspaper publisher Formpress Publishing more than tripled to €1.099m in 2022.

New accounts for Formpress Publishing Ltd show the firm recorded a 240% increase in pre-tax profit as revenues increased by 7% from €9.5m to €10.14m in the 12 months to the end of September 2022.