Daily Mail says well positioned after strong full-year results
Daily Mail and General Trust , the publisher of the Daily Mail tabloid and Mail Online website, reported full-year results slightly ahead of forecasts on Wednesday and said it was well positioned to deliver long-term growth.
The group announced the results as it also took a £45m charge related to the delay of its software RMS one product.
Profit before tax in the year to the end of September was up 9pc to £291m, compared with a consensus figure of £286m, helped by the strong performance of its trade division and its consumer newspaper business, including digital advertising.
"As reported in September, RMS's operating margin is expected to be around 10pc to 15pc in full-year 2015, reflecting the delay of, and continued investment in, RMS(one).
"The board remains confident, however, that the group is well positioned to deliver its excellent long-term growth prospects."