Independent News & Media PLC Reports Unaudited Group Earnings Results for the Year Ended December 31, 2017; Provides Earnings Guidance for the Year 2018
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.