Daily Mail profit down 76% thanks to restructuringStaff Writer | May 25, 2017
Daily Mail & General Trust reported a 76% fall in pretax profit for the first half of fiscal 2017, in line with its expectations, as it booked a number of costs relating to the company's restructuring.
Daily Mail The group made a pretax profit of 40.9 million pounds
The group has declared an interim dividend of 6.9 pence a share, up from an interim dividend of 6.7 pence a share in fiscal 2016.
Daily Mail said it expects revenue for the year to meet expectations.
"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," CEO Paul Zwillenberg said. ■