Source : Pixabay/NaomiBooth
According to latest earning reports released by Daily Mail & General Trust PLC, the company’s revenue has fallen nearly 76 percent in the first half of the fiscal year due to the company’s ongoing restructuring process.
The company released a statement of pretax income of 40.9 million pounds which is considerably lower than the 171.5 million pounds last year. However, the group as declared an interim dividend of 6.9pence a share which is higher than last year’s valuation.
Despite the latest results, the company expects to meet the goals for the year as the Chief Executive Paul Zwillenberg said, “In the second half of the year, although we expect challenging market conditions to persist for some of our businesses, we will continue to focus on improving operational execution and completing our strategic portfolio review during this period of transition.”