Tag: Financial results

Trinity Mirror to cut costs “dramatically” to hit targets

Halfway through Fy2015 Trinity Mirror PLC said it will only meet full-year profit expectations with dramatic cost cuts of £20 million ($31.2 million U.S.), which cuts were announced in its pre-close trading update. The adjusted profit dropped by 2.5 percent to £47 million ($73.4 million U.S.) from H1 of FY2014 to H1 of FY2015. The company wrote £17.4 million down, of which £16 million was said to

Dutch TMG in the red again

Dutch Telegraaf Media Groep (TMG) posted a net loss of €2 million ($2.2 million U.S.) in the first half of 2015 and expects to finish the year with a net loss, since the ongoing reorganization has not yet offset declining advertising revenue and newspaper sales, according to a company statement. TMG advertising rev

Avito’s revenue growth drops to 47% in Q2

Avito.ru, Russia's largest general classifieds platform, has seen a slowdown in revenue growth, according to the latest trading statement released by shareholder Vostok New Ventures, with non-audited figures for Q2 of FY2015. The classifieds giant recorded revenue growth of

Rightmove grows revenue and market share

In the first six months of the current financial year Rightmove, the U.K.'s largest real estate site, grabbed market share from its competitors with the strong financial performance summarized below. Revenue grew to £93.1 million ($145.4 million U.S.) from £80.4 million (+16 percent on the previous year), driven by growth in spend on additional advertising products and packages, as well as member

DHI Group earnings rise as sale pushed

DHI Group earnings rise as sale pushed

With a Q2 EPS of $0.11, announced Tuesday, DHI Group Inc. has beat its guidance by a penny a share, a benefit that comes just as a cabal of shareholders that own 4 percent of the stock has demanded that the company be sold because

Real estate shines in Spir Communication results

French media company Spir Communication saw a 6-percent drop in total revenue in the first half of 2015 to €208 million ($228 million U.S.), on dwindling local and printed advertising, which was only partially offset by growth of its Internet activities. This decrease was due to lower sales in two areas – printed advertising was down by seven percent to €141.7 million, while local multi-channel c

EBay Classifieds Group: soon to be unmasked?

On July 16 EBay released financial results for the last time with business units PayPal and EBay Enterprise included. The next day PayPal and EBay parted ways - and financial journalists reporting on EBay breathed a collective sigh of relief. The frustrating years of intransparent EBay reporting on its unit Marketplaces (including the classifieds), are behind us. The next EBay quarterly report wi

Sanoma’s Q2 revenue grows in Finland; declines in Netherlands

The online and mobile revenue of Sanoma’s Consumer Business segment (including the classified businesses in Finland and the Netherlands, with the online auction platform Huuto and marketplace Oikotie, continued to grow in Finland, but declined sligthly in the Netherlands and Belgium in Q2 FY2015 from the same period last year. The net sales of the online and mobile businesses of Sanoma in Finland

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