PCM booked €31m net loss in 2006

Newspaper group PCM, currently embroiled in a management crisis following the departure of British venture capital group Apax, booked a net loss of €31m last year.

Operating profit (excluding extraordinaries) was €73m compared to €75m reported in 2005. Sales were up 3.4% at €675m in 2006 due to a good performance in the newspaper sector and educational publishing, PCM said.

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