Trinity Mirror predicts better-than-expected full year results

Monday 28 July 2014 07.49
The newspaper group saw profit fall in the first half of the year
The newspaper group saw profit fall in the first half of the year

British newspaper publisher Trinity Mirror said it expected its full-year results to be marginally ahead of expectation, enabling it to pay a dividend for the first time since 2008.

Trinity said its first-half profit before tax came in at £48.2m, down 2.2%, with revenue down by 2.3%. 

It will recommend a final dividend for 2014 of 3p per share, which would be payable in June 2015.

"At this stage the board expects paying annual dividends of some 5p per share from 2015," it said.

Trinity Mirror publishes a number of national and regional titles across Britain, as well as the Irish Daily Mirror and Irish Sunday Mirror in Ireland.