The Week: City News - Bauer has optimistic view

Bauer Consumer Media has stated that it remains "cautiously optimistic" about trading this year after it posted a pre-tax profit of more than £36.1 million for the nine months ending 31 December 2008.

The group, which publishes titles including FHM, Grazia and Heat, reported an operating income of £33.1 million, and a turnover of more than £210.1 million. £126.6 million was accumulated from circulation revenue, with £77.2 million coming from advertising.