Archant profits skyrocket by 157 per cent

Norwich-based regional publisher Archant has announced that 2010 profits soared by 157 per cent, according to paidContent.

Revenue fell by 1.9 per cent, down from £142m in 2009 to £139.3m, but severe cost cutting helped profits grow from £3.2m to £8.2m.

There was no revival from advertising revenues but several of the publisher’s daily titles performed strongly in terms of circulation in the last six months of 2010, and the group claimed income from digital “has grown rapidly … throughout this difficult period”, although there were no figures to support this.

(Source: paidContent)

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