Shares in the owner of the Daily Mail and Mail on Sunday crashed on Thursday after the firm swung to a full-year loss and warned over its prospects for 2018. Shares in the owner of the Daily Mail and Mail on Sunday crashed on Thursday after the firm swung to a full-year loss and warned over its prospects for 2018. Circulation revenues were “stable”, although sales of the Daily Mail and the Mail on Sunday fell 6% to £455 million. Operating profit at the Metro tanked 27% to £11 million despite a 4% increase in revenue at the freesheet. On an adjusted basis, underlying revenue rose 1% to £1.66 billion and pre-tax profit came in at £226 million, down 13%.

Source: Irish Independent November 30, 2017 10:18 UTC