LONDON (dpa-AFX) - British multimedia and information company Daily Mail & General Trust Plc (DMGT.L) on Wednesday said that its trading in the first quarter was in line with expectations.
In its interim management statement, the company said its quarterly revenues were 495 million pounds, a 2 percent increase on an underlying basis.
Revenues from the Group's B2B operations in the quarter were 224 million pounds, up 3 percent on a reported basis and 6 percent on an underlying basis.
The company noted that its B2B operations achieved good underlying revenue growth, while consumer media operations were resilient with increased national circulation revenues which, together with a strong digital performance, offset a decline in print advertising revenues.
Chief Executive Martin Morgan said, 'Whilst we acknowledge the continuing external uncertainties, particularly for UK advertising, the outlook for the year remains unchanged.'
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