Sign up to The Irish Times Archive (1859 - 2008)My Account »
Fri 09 Sep 2008'Irish Times' sees 6% cut in profits to €20.3m for 2007
THE IRISH Times Ltd, publisher of The Irish Times, has reported a 6 per cent reduction in operating profit to €20.3 million for 2007 and warned of "difficult" trading conditions this year and a challenging outlook for 2009.
Higher employment and marketing costs contributed to the fall in profits, as did a 3.9 per cent drop in newspaper advertising revenue as the property market slowed down. Turnover rose 6 per cent to €137 million, including the first full-year contribution from the Myhome.ie property website.
Choose a Subscription type - required
