Regional newspaper publisher Archant has announced increased operating profits of £29.4m. The group’s preliminary results showed that, before exceptional items, operating profit for 2003 had gone up by 6.1 per cent on the previous year, with profit before tax up
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Ad revenues help Archant to increased profit
Publisher Archant has announced increased profits for the year thanks mainly to the performance of advertising sales in the regional press. And there are initiatives in hand to boost income and improve efficiency. Operating profit for 2002 reached £27.7m, up
Archant poised to acquire media assets
Archant is poised to “acquire and expand” after winning permission from its shareholders to increase its borrowing capacity to £270m. The firm wants to double its size in the next seven years and believes it is at the right stage
Achievements of the past year are celebrated at group awards
Staff from Archant have celebrated the achievements of the past year at the group’s annual awards. More than 800 staff from titles across England and Scotland gathered for the event at Audley End stately home in Essex, which was hosted
Winners unveiled at Archant showpiece event
The winners of the Archant Awards 2003 have been announced at a ceremony held at the Alexandra Palace in London. Some 1,200 staff from across the country saw publications, products and people from across the community media company scoop prizes