Free paper company, Metro reports lossesMonday, 17 October 2011
Newspaper company Metro International reported a profit after tax for continuing operations, up to EUR -6.2 million for the third quarter of 2011 (previous period same last year 1.9). Earnings per share amounted to minus EUR -0.01 (0.00)
AdvertisementSales from continuing operations amounted to Eur42.0 million (Eur 37.4). Operating profit from continuing operations was a loss of EUR 1.8 million (4.5).
"The macroeconomic environment in Europe and the U.S. is shaky, and it may affect the global advertising investments," writes Metro's CEO Per Mikael Jensen.
Metro claims to see "cautious" profitability prospects in Europe, but is more optimistic about Latin America and Russia.
"With the strategic changes we have made in recent years and at a reduced cost base, we are confident that our earnings growth will be stable in this uncertain economic environment, "commented the CEO.
By Scancomark.se Team
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