RNS CONT:28 Jul 2010 08:16
Notes
1 2009 revenue, costs and adjusted EBITDA figures presented in constant currencies and relate to ongoing businesses.
2 Adjusted EBITDA and adjusted earnings per share stated before exceptional items and the amortisation of acquired intangibles.
Alasdair Locke, Chairman, said:
'This set of interim results continues the good progress made in the second half of 2009 and emphasises the stability and security of these businesses. Given continuing advertising uncertainty, the Group continues to exercise tight cost discipline while the operating model is being transformed to meet the competitive trends in the media sector.'
David Montgomery, Chief Executive, said:
'The circulation and cost performance in these six months demonstrates the robustness of our business and its assets. We are especially pleased with the reduced rates of attrition in subscription volumes and the related growth in revenues. Management and staff continue to focus on extracting new revenues from the wider consumer market, particularly online.'