Independent News & Media plc Announces Interim Management Statement for the Ten Months Ended 30 October 2015; Reaffirms Earnings Guidance for 2015
Independent News & Media plc announced interim management statement for the ten months ended 30 October 2015. Total group revenues increased by 1.1% year-on-year, an improvement on the marginal decline of 0.3% announced in the Interim Results on 28 August 2015. Total group revenue growth has been partially delivered through new distribution contracts, including the Irish Times. Growth in profit before tax, in line with expectations.
The company continued to perform well in 2015 and the company anticipated full year 2015 performance in line with expectations.