Daily Mail and General Trust plc (DMGT.L) reported pretax profit, excluding discontinued operations, of 216.1 million pounds for the year ended 30 September 2015 compared to 267 million pounds, a year ago. Statutory profit after tax was 216.6 million pounds, down from 262.9 million pounds, reflecting the significant profits on disposals made in the prior year. Earnings per share was 59.0 pence compared to 69.3 pence.
Adjusted profit before tax decreased to 281 million pounds from 291 million pounds, a year ago. Adjusted earnings per share was 58.7 pence compared to 54.6 pence.
Revenue increased to 1.84 billion pounds from 1.81 billion pounds, previous year. Adjusted revenue decreased 1 percent to 1.84 billion pounds from 1.86 billion pounds, last year. Underlying revenue was up 1%.
The Board of Daily Mail and General recommended payment of a final dividend of 14.9 pence per share for the year ended 30 September 2015. This will make a total for the year of 21.4 pence.
Looking forward, Martin Morgan, Chief Executive, said: "The challenging market conditions in the UK print advertising market and those facing Euromoney in the investment banking and commodities sectors are likely to have an adverse impact on FY 2016 results, as will the disposal of DMGT's stake in Local World, which completed in November 2015."
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