Register
Login:
Share:
Email Facebook Twitter


Exclusive: Hardman & Co call the lithium market: is a change in trend happening?
Tower Resources identify 18 million barrels of contingent reserves worth $118M in Cameroon


Alliance News


DMGT Lowers Full Year Expectations On Weaker Advertising Market

Thu, 23rd Jul 2015 08:00


LONDON (Alliance News) - Daily Mail and General Trust PLC Thursday lowered its expectations for its full year, citing a weaker UK print advertising market and challenging financial market conditions it experienced in its third quarter.

The media and business information company now expects its full year results to be towards the lower end of market expectations.

According to consensus forecasts from eight brokers provided by Morningstar, DMGT is expected to post a pretax profit of GBP284.8 million for its full year.

On a reported basis the company saw revenue rise 2% for the quarter to end-June, however, on adjusted basis, meaning at constant currency and stripping out costs including sales, acquisitions, closures and non-annual events, revenue fell 1%.

Underlying revenue in its dmg media segment fell 3%, hit by lower circulation revenues and a "marked deterioration" in the UK print advertising market in the quarter. Total underlying advertising revenues across dmg media fell 6%, the company said.

Underlying revenue at its Business to Business segment rose 1%, as growth in its Risk Management Solutions, information and events businesses were offset by a decline in revenue at Euromoney Institutional Investor PLC, where trading conditions have shown "no sign of improvement"

Its delayed software-as-a-service platform RMS(one) remains on track to be released in stages starting by the end of the calender year, the company said.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

Copyright 2015 Alliance News Limited. All Rights Reserved.

Alliance News


Related Shares:


Back to Alliance News


Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk




Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.