Shares in the owner of the Daily Mail plunge 25% after warning of a tough 2018
|11/30/2017||Posted by BusinessMediaguide.Com under General World News||
- Shares in Daily Mail owner DMGT dropped nearly 25% in early trading on Thursday
- The company announced losses of £112.3 million for the full year to September.
LONDON — Shares in Daily Mail owner DMGT dropped nearly 25% in early trading on Thursday after posting a pre-tax loss for the full year to September and warned 2018 will be “adversely affected by recent disposals and challenging conditions.”
The firm, which also owns the Metro newspaper brand, said in a results statement that its full-year loss was £112.3 million pounds, including impairment charges, compared to last year’s profit of £201.7 million.
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