Media company Sanoma on Thursday announced a profit of €61.6m in 2014 following an extensive reorganisation. Turnover was down 8.7% to €1.9bn.
In 2013, the company booked a loss of €320.3m.
Operating profit for the Dutch branch of the Finnish-owned company fell from €73m in 2013 to €65m. Turnover in the Netherlands from magazines and broadcasting company SBS6 fell 4.8% to €653m.
Sanoma said it is back in the black because of the reorganisation which started in 2013 and included the sale of several Dutch publications.
Thank you for donating to DutchNews.nl.
We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.Make a donation