Independent News and Media has reported its first increase in total group profits in eight years as it also saw growth in pre-tax profits in line with expecations.
The media group said in an interim management statement - covering the months from January to the end of October - that total group revenues increased by 1.1% year on year.
This was an improvement on the marginal decline of 0.3% reported in its interim results in August.
INM reported total advertising revenue growth of 3.7% due to improved market conditions and a strong growth in digital revenues.
It noted that a number of its advertising categories have seen improved year on year revenues, including property, magazines and features/supplements.
The company also said that circulation declines have lessened since August, with the investment in product and increased retail activity in the third quarter behind the improved performance.
"INM continues to perform well in 2015 and we anticipate a full year performance in line with expectations," the company stated.
Earlier this month, the company said it was closing its GrabOne online coupon business for commercial reasons. GrabOne will cease trading by the end of December.
Shares in the company were sharply higher in Dublin trade today.
