Annual profits at British magazine group Emap, which is currently selling its radio stations in Ireland, have fallen 13% to £193m amid weak sales.
Emap said its underlying sales were down 1% to just over £1bn in the year to the end of March. Pre-tax profit was down 13% at £193m.
Emap said it is reviewing its Australian consumer magazine business and its French exhibition operation.
It follows the sale of its French division last year for £380m and the decision to sell its three Irish radio stations - Today FM, FM104 and Highland Radio.
'Sale process for Republic of Ireland radio stations commenced', Emap said in a statement today.
CEO Tom Moloney quit last week after 26 years with the group, after a tough time for the media group, which has announced profit warnings and job cuts since the start of the year.
However, the group said it was on track to deliver £20m cost savings this year.
Emap said there was strong growth in its business-to-business information products, women's weekly titles and some radio stations and that weak areas remained car and men's titles.
The group also said it would spend almost £44m on environmental information business GroundSure.
