The Sun reports £75m pretax loss

According to the Guardian the parent company of the Sun and Sun on Sunday has reported a pre-tax loss of £75m in the year to 30 June, after taking charges of almost £90m in relation to the phone-hacking scandal.

News Group Newspapers’ pre-tax loss of £75.1m is a significant reduction on the £318m loss run up in its financial report for the year to 3 July 2012.

NGN, the News UK subsidiary that published the now closed News of the World, recorded a total of £87.5m in costs described as “non-operational, one-off charges relating to allegations of voicemail interception and inappropriate payments to public officials and other related matters.”

The company was also hit by a £40m one-off charge in compensation paid to Johnston Press for the termination of an agreement in relation to contract printing, allowing NGN to print all of its publications in-house.