Sentinel owner hikes ‘underlying profit’

Picture shows: Ashley Highfield, Director, New Media. 2003

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Picture shows: Ashley Highfield, Director, New Media. 2003 WARNING: This copyright image may be used only to publicise current BBC programmes or other BBC output. Any other use whatsoever without specific prior approval from the BBC may result in legal action.

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The boss of the company, which owns the Sentinel, the Journal and the Newsletter, says it’s achieved the first increase in ‘underlying operating profit’ in seven years – in 2013 it increased by 2.5 per cent from £53m to £54.3m.

Johnston Press presented its annual results in the City of London this morning (Friday, March 28).

In a statement Ashley Highfield said: “Underlying operating profit is a term used to describe the actual reflection of a company’s profit but may exclude one-time charges or infrequent events.

 

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