Owner of Stuff,Autocar and FourFourTwo magazines says it was hit by volatile advertising climate last year but has been boosted by growing digital demand
Lord Heseltine’s Haymarket Publishing, owner of magazines including Stuff, or Autocar and FourFourTwo,reported a small rise in operating profits to £5m last year after selling off its headquarters to slash its debt by 80%.
The publisher reported an 8.7% rise in operating profit to £5.03m as revenues fell slightly from 187m to £184.3m in the year to the finish of June 2015.
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Source: theguardian.com