Independent News & Media PLC reported unaudited group earnings results for the year ended December 31, 2017. For the year, the company's revenue was €293.0 million compared to €323.4 million a year ago. Operating profit was €15.5 million compared to €52.2 million a year ago. Profit before taxation was 16.4 million compared to €55.2 million a year ago. Profit attributable to equity shareholders of the company was €12.5 million or 0.9 cents per basic and diluted share compared to €50.3 million or 3.6 cents per basic and diluted share a year ago. Cash generated by operating activities was €9.9 million compared to €27.7 million a year ago. Purchases of property, plant and equipment were €1.7 million compared to €2.3 million a year ago. Purchases of intangible assets were €1.4 million compared to €3.4 million a year ago.

For the year 2018, the company's EBIT from the underlying business is expected to perform in line with market expectations.