Highlights
2010 Key Financials
- Total revenue of £398.1 million down 7.0% on last year
- Like-for-like print advertising revenues* down 7.1% on last year
- Circulation revenues of £96.7 million down 2.8% on last year (like-for-like)*
- Operating profit (before non-recurring and IAS 21/39 items)* of £72.0 million representing an operating profit margin of 18.1%, both showing increases year-on-year
- Profit before tax of £16.5 million compared to a loss of
- £113.8 million in 2009
- £13.1 million net impairment charge against intangibles
- Reduction in net debt of £35.4 million to £386.7 million excluding term debt issue costs (see note 22) 2010 and 2011 scheduled reduction of facilities brought forward to April 2010 and September 2010 respectively
- Net cash inflow from operating activities of £69.6 million
- No dividend proposed
* See pages 18, 19 and 59 of the Johnson Press plc Annual Report 2010