Sunny

Sunny

max temp: 5°C

min temp: 1°C

Search

East Anglia: Increased profit for community media company Archant

01:00 07 March 2014

Richard Jewson, chairmn of Archant.

Richard Jewson, chairmn of Archant.

Archant

Community media company Archant, whose titles include the EADT, has announced an increase in annual operating profit to £9.4million.

The figure, before amortisation, impairment and exceptional costs, for the year to December 31 represents a rise of 49.2% compared with £6.3m in 2012.

Turnover for the year was down 3.6%, at £126.6m against £131.4m. Net debt at the year-end stood at £6.8m, down from £15.7m a year earlier, reflecting strong cash generation.

Archant chairman Richard Jewson said the results had been achieved “despite continuing industry challenges and with little help from the economy.”

He said: “Our traditional newspaper businesses improved profitability year-on-year. However, challenges in our magazine businesses caused a decline in magazine profitability.

“Significant efforts have been placed on monetisation of our digital offerings, resulting in a 19.3% increase in digital revenues to £7.2m.”

Cost management, together with a reduction in newsprint costs, saw total operating cost savings of £7.9m, with continued investment in training for the sales forces and in new product development.

“We will continue to shape the business to the changing requirements of our customers, who, of course, are also feeling their way into this changing world,” said Mr Jewson. “Whilst we expect to see an improvement in our revenues this year, economic growth will inevitably give rise to cost pressures.”

0 comments

A crewman has died after a boiler backfired in the engine room of the Manhattan Bridge container ship as it was docking at Felixstowe port last night – causing an “explosion”.

Urgent improvements have been demanded of three food businesses in east Suffolk, according to hygiene inspection reports.

Animal welfare charities in Suffolk have urged caution over who found pets are given to after reports of a woman in Ipswich posing as an animal welfare officer to obtain a cat found by a homeowner in their garden.

Beach huts, morning runs and golden sand. Not exactly the Felixstowe you might be expecting in January.

Labour’s shadow trade and industry secretary Clive Lewis has visited Ipswich to encourage party members as thoughts start to turn towards this year’s election.

Today the sun is taking the edge off the biting January winds in Suffolk, the perfect winter’s day.

More than half the homes in Suffolk are in the bottom two council tax bands it has emerged.

A Suffolk man has been evicted from his hospital bed by court order after he “unnecessarily” refused to leave for more than two years.

National news this week have flagged up a shortage of courgettes in UK supermarkets. This will consequently affect prices with courgettes – and many other vegetables – becoming more costly.

A half of one of the world’s rarest coins is to be auctioned off in Suffolk next weekend.

Most read

Most commented

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Newsletter Sign Up

MyDate24 MyPhotos24