Independent News & Media said its revenues are running ahead of the same period of last year and that it is on course to deliver a ‘meaningful improvement’ in 2003 earnings.
INM said the group's total revenues from its globally diversified operating base - centred in its five primary markets of Australia, Ireland, New Zealand, South Africa and Britain - are ahead of 2002.
In a pre-close trading statement today, the firm said that the outlook for advertising was becoming clearer and that circulation revenues remained buoyant.
The statement said, ‘INM continues to demonstrate reassuringly favourable core operating resilience in each of its operating units and solid progress in its recapitalisation program.’
Interim results for the half year period are due to be released at the end of September.
Shares in the media group closed five cent higher at €1.58 in Dublin this evening.
