Daily Mail & General Trust PLC (DMGT.L) reported Thursday that its profit before tax for the half year rose 54 percent to 195 million pounds from 127 million pounds, and earnings per share increased 27 percent to 51.3 pence from 40.4 pence last year.
On adjusted basis, profit before tax slid 11 percent to 129 million pounds, and earnings per share was down 11 percent to 27.9 pence.
Revenue for the first half reached 950 million pounds, up 3 percent on reported basis, but down 1 percent on underlying basis.
Martin Morgan, CEO, said, " DMGT's performance in the first half was broadly in line with our expectations, other than the further deterioration in the UK print advertising market which impacted dmg media's results. The Group's revenue has remained broadly stable on an underlying basis, with growth from our B2B companies offsetting the decline from dmg media."
In addition, the Group said its interim dividend is increased by 3 percent to 6.7 pence, to be paid on 2 July 2016, to shareholders on the register at the close of business on 10 June 2016.
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