Telegraph reports 'solid' 2012 with 5% profit hike

Pre-tax profit at the Telegraph Media Group (TMG) was up nearly 5% in 2012, according to the company's end-of-year accounts.

Telegraph reports 'solid' 2012 with 5% profit hike

TMG’s pre-tax profit reached £57.2m for the year ending 30 December 2012, up from £54.5m over the same period in 2011.

A statement by TMG described the group’s figures for 2012 as "a solid performance despite the challenging economic environment".

The group’s overall turnover fell 1%, down to £327.5m. No breakdown of income was provided by TMG, which filed its results with Companies House, but according to a statement from the group, print advertising revenue declined year on year, as did circulation revenue.

Losses were curtailed by increases in digital and consumer revenue, while reduced costs – in particular lower newsprint prices - helped the company achieve its 5 per cent pre-tax profit hike. Operating profit at the newspaper group - which reportedly made 30 journalists redundant in early 2012 - also rose nearly 5 per cent in 2012, from £55.7m to £58.4m.

Become a member of Campaign from just £46 a quarter

Get the very latest news and insight from Campaign with unrestricted access to campaignlive.co.uk plus get exclusive discounts to Campaign events

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now

Partner content

Share

1 Job description: Digital marketing executive

Digital marketing executives oversee the online marketing strategy for their organisation. They plan and execute digital (including email) marketing campaigns and design, maintain and supply content for the organisation's website(s).