Media company Sanoma back in the black

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.

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