London Daily
Focus on the big picture.

LONDON DAILY ARCHIVE

Daily Mirror publisher Reach posts 27% drop in profit

Reach (RCH.L), the British publisher of the newspapers including the Daily Mirror and regional titles, posted a 27% drop in annual profit after inflation caused its operating costs to rise by 40 million pounds and demand for advertising weakened.

07 March 2023 · 21:45 UTC

The group on Tuesday reported adjusted operating profit of 106.1 million pounds ($127.9 million) for 2022 on revenue of 601.4 million pounds, down 2.3% on the previous year.

($1 = 0.8294 pounds)