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Future Publishing back in black

Future Publishing has released its financial results for the six months ending March 2007, posting a pre-tax profit of GBP 8.6 million.
During the same period, revenues fell by 11 per cent - down to GBP 95.3 million from GBP 107 million. Future said it expects to meet full-year expectations, despite the fact that trading conditions remain tough.

The results mark a change in fortunes for the publisher, which reported a GBP 12.1 million loss during the same period a year earlier, and a GBP 49 million loss for financial year 2006.

According to CEO Stevie Spring, profits have been boosted by an increase in online advertising, which saw a year-on-year increase of 66 per cent in the UK and US.

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