INM Says Ad Downturn Will Wipe Out 41 Percent Of Profits This Year


Independent News & Media’s balance sheet is now looking a little less alarming than it has done during the recession. In an interim statement covering the the year to October 23, the Dublin-based group’s profits were down 37 percent from last year (no exact figure is given) – compared with a 44.8 percent profit drop in the first six months of the year.

The company predicts full-year operating profits of between

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