Profits rise at Telegraaf Media Group
The Telegraaf Media Group on Friday announced second quarter operating profit of €18 mln, up from €13.1 mln on the year earlier period.
The increase came from stopping the Sunday edition of the Telegraaf and cost cutting. The group’s costs have fallen by nearly €47 mln since June 2008.
Net profit dropped 2.3% to €150.3 mln due to lower income from advertising.
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