MEDIA group Trinity Mirror pointed to a “significant” rise in volume circulation for its Sunday newspapers following the demise of rival the News of the World – as it unveiled its half-year results.
The group, which publishes The Examiner, also said it had taken action to limit the impact of a difficult economic environment on its operating profit and said its performance for 2011 was forecast to be in line with expectations.
Group revenues fell by 2.9% to £371m during the six months to July 3 with pre-tax profits 17% lower at £41.9m.
The group said net debt was trimmed by £3.7m to £262.2m after pension deficit funding payments of £33m. Trinity Mirror said it had increased its 2011 cost savings target by a further £10m to £25m.
