Irish Times Group doubles pre-tax profits to €4m

Media group invested €12m acquiring RIP.ie, ScoreBeo and the remainder of Gloss Publications

The profit increases were also partially offset by reorganisation costs of €3.7m, which included the impact of a voluntary parting programme.

A busy year of acquisitions and disposals helped the Irish Times Group to double pre-tax profits to €4m last year.

New accounts published today show the group recorded a marginal increase in revenues last year to €115.6m, which masked significant internal movements as the media group, which includes the Irish Examiner and Echo titles, continues to push its digital growth strategy.