Johnston Press plc (“Johnston Press” or “the Group”), one of the leading community media groups in the UK and Ireland, announces its results for the 26 week period ended 29 June 2013.
Like for like operating profit** for the six months increased by 4.3% from £27.4m to £28.6m, the first increase in like for like operating profit for seven years.
Total advertising revenues declined 13.6% in the first half. The decline seen at the start of the year of 17.6% narrowed during February and March to 12.6%, narrowing further to 6.3% in June and July.
Digital revenues were up 13.3% in the first half and up 31.9% period on period in June and July.
Net debt is down 15.3% period on period to £306.4m from £361.7m.
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