MEDIA group Trinity Mirror reported a strong financial performance in the face of a “very fragile” economic background.
The group, which publishes the Examiner and a number of national and regional titles, lifted operating profits by 17% in 2010 to £123.3m against £104.5m the previous year.
Pre-tax profits totalled £101m compared with £72.7m last time.
Revenues were broadly flat at £761.5m from £763.3m before.
During the year, Trinity Mirror reduced overall costs by £64.7m from £324m to £265.9m and cut its pension deficit by £135.6m to £161m.
It also completed its acquisition of GMC Regional Media, which contributed revenues of £50.9m and profits of £5.7m in nine months at a cost of only £7.4m.