DMGT reports Prelims 2013

DMGTDMGT CEO, Martin Morgan commented:

“DMGT has again delivered a good set of results. Group adjusted pre-tax profits* rose by 10% despite the disposal of Northcliffe Media at the end of the first quarter, reflecting good underlying profit growth from both our B2B and consumer operations. Our international B2B companies have increased their revenues and profits* by 6% and 4% respectively on an underlying# basis. Our UK consumer business, dmg media, grew its underlying# profits* by 10%, reflecting greater productivity as the business continues its digital transition.

We continued to refine and optimise our portfolio of businesses during the year with further strategic bolt-on acquisitions, notably within dmg information and Euromoney, and disposals, including Northcliffe Media and dmg media’s central and eastern European consumer assets.  We believe these changes have improved the overall quality and growth prospects of the Group and we look forward to another year of good progress.”

Meanwhile DMGT’s shareprice has performed exceptionally well in 2013; up 69% so far.

For the full RNS click DMGT