Liverpool Daily Post parent Trinity Mirror reports first half progress

MEDIA group Trinity Mirror reported adjusted pre-tax profits of £50.4m compared with £31.3m on flat revenues of £382.2m in the six months to July 4.

The group, which includes the Liverpool Daily Post, also announced a £5m improvement in cost savings of £25m.

Chief executive Sly Bailey said the group strategy had secured the strong first half performance, adding: “We are now reaping the benefits of these actions with profits increasing and slowing rates of decline in underlying revenues.”

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