TRINITY Mirror, parent group of the Liverpool Daily Post, has revealed better than expected annual results.
In a market badly hit by recession, revenues from retained businesses fell from £932.3m to £871.7m and pre-tax profits for the year to December 28 were £124.2m, against £191m.
Turnover from digital products jumped 27.1% to £43.6m, with 200 new platforms launched.
Cost savings were £10m ahead of the £30m target for 2008, and the 2009 figure of £25m includes £5m of anticipated extra savings.
Chief executive Sly Bailey revealed the group has £165.3m of undrawn funds on its bank facilities.
She added: “We remain well positioned to manage our way through these uncertain times for the UK economy.”
