Profit boost puts mag publisher Future 'back on track'

Reducing financial costs, charges and the return to profit of US business contributed to the boost

Special interest publisher Future reported this morning that adjusted year-on-year profits rose nine per cent in the 12 months to the end of September.

The publisher said reducing financial costs, charges and the return to profit of its US business - which contributes 30 per cent of overall revenue - helped pre-tax adjusted profits reach £8.3m in the period, up from £7.6m the previous year.

Revenue at Future - which counts T3, Total Film, Classic Rock magazines amongst its flagship brands - in the 12 months to the end of September was down one per cent to £151.5m, the company reported this morning in its preliminary full-year results.

 

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