Partly Cloudy

Partly Cloudy

max temp: 29°C

min temp: 19°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

The scene of police activity on St Matthews Street, Ipswich

Police who carried out a raid at an Ipswich town centre flat found it had been turned into a cannabis factory with more than 200 plants at different stages of growth, a court has heard.

Manningtree band Superglu

A band from north Essex will be headlining at stage at one of Britain’s biggest music festivals this weekend.

Great Eastern Rail Campaign members at Ipswich Station: 
Jonathan Denby, David Burch, Chris Starkie, Chloe Smith MP and Bun Gummer MP

In the second of five three-minute interviews Ben Gummer, the MP for Ipswich, gives his reaction to Abellio Greater Anglia being awarded the rail franchise for East Anglia.

Sydney Mini Market, Ipswich

Three establishments in Ipswich have been given one star food hygiene ratings after latest inspections.

What can you do with the kids in the last few days of the summer holidays?

There is just over one week left of the summer holidays but there is plenty still to do before the schools open their doors for a new term.

Ipswich Blue has proven to be one of the most popular of the sculptures

The much-loved and popular pig sculptures from the Pigs Gone Wild art trail will be going, going, gone at an auction soon.

The stretch of A12 at Seven hills

A tractor has shed its load of potatoes on the A1156 at Seven Hills this morning.

The summer sun will be good news for beachgoers this week

Suffolk is set for a scorcher of a week as temperatures are set to soar to 30C (86F).

Mugger hunted

Police are hunting a mugger who attacked a 75-year-old man in Felixstowe and stole his wallet.

The aftermath of a flare being let off during the Sky Bet Championship match at Portman Road.

Picture by Paul Chesterton/Focus Images Ltd

Two men from Essex are to appear in court charged with breaching an order during the police operation for the Ipswich v Norwich game on Sunday.

Most read

Most commented

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Newsletter Sign Up

MyDate24 MyPhotos24