According to the Telegraph: The statements show that the Group recorded an operating profit before exceptional items of £54.9 million for the 52 weeks to 28th December 2014 (2013: £61.2m) primarily as a result of an £8m investment in digital operations.
Operating profit after exceptional items for 2014 was £46.4m (2013: £57.8m).
The Group delivered a good trading performance set against a challenging print trading environment and the investment in digital.
Turnover for the year was £318.1 million (2013: £325.2m).
Steady growth in digital revenues partially mitigated the single digit declines in print advertising revenues and circulation revenues.
Costs have been controlled, with cost savings primarily from newsprint and distribution being reinvested in digital operations.
Profit before tax was £45.7m (2013: £57.0m).
