The Irish Times has reported pre-tax profits for 2003 of €8.5m, compared to a loss of €2.8m in the previous year.
Total turnover edged only marginally ahead to just over €95m but operating costs fell almost €10m. Staff are set to benefit from an extra 2.4% of salary under a profit share scheme.
Itronics, the subsidiary that operates the Ireland.com website, reduced its losses from €2.8m to €800,000 and was approaching break-even on a cash basis.
