Martin Morgan, Chief Executive, said:
"DMGT has delivered a solid set of results. Our international B2B
companies have increased their revenues and profits* by 10% and 13% on an
underlying# basis respectively. Our UK consumer businesses have been impacted
by the weak advertising environment, particularly in the third quarter, and
higher newsprint costs resulting in profits* down 20% for the year.
Notwithstanding the challenging trading conditions, the underlying# revenues
of Associated Newspapers were unchanged. Furthermore, Mail Online is now a
global name in news and on course to become the world's biggest English
language newspaper website. Whilst first quarter trading to date has been
reasonable, we remain cautious about the medium term outlook, given continuing
external uncertainties, particularly for UK advertising.
Our strategy remains focused on innovation-led growth, talent
development and improved operating effectiveness. We are a more focused and
financially stronger Group today, which makes us confident that we can make
real progress in 2012."
The full year dividend is up 6% to 17p
