Sly Bailey (pictured), Chief Executive of Trinity Mirror plc said: “The continued execution of our clear and consistent strategy has enabled the Group to deliver a strong performance for the first half of the year with operating profit up 25.7% and earnings per share up 58.6%. This was achieved despite a fragile economy and volatile trading conditions. We have continued to invest in the business through the downturn in strengthening the portfolio and delivering IT led efficiencies, in addition to maintaining a keen focus on costs. We are now reaping the benefits of these actions with profits increasing and slowing rates of decline in underlying revenues. The acquisition of GMG Regional Media was a clear demonstration of our ability to lead consolidation in regional media in a way that adds substantial value for shareholders.
Looking ahead to the second half of the year we remain cautious on the economy but are confident of delivering a robust performance for the full year driven by stabilising revenues and continued cost efficiencies.”
The full report can be downloaded from the Trinity Mirror website.
