Trinity Mirror upbeat despite falling revenues and profit

British newspaper publisher Trinity Mirror said it expected its full-year results to be marginally ahead of expectation, enabling it to pay a dividend for the first time since 2008.

Trinity said its first-half profit before tax came in at £48.2 million, down 2.2 per cent, with revenue down by 2.3 per cent.

It will recommend a final dividend for 2014 of 3 pence per share, which would be payable in June 2015.

“At this stage the board expects paying annual dividends of some 5 pence per share from 2015,” it said.

Reuters