ltechnologygroup.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com.
- Shares in Daily Mail owner DMGT dropped nearly 25% in early trading on Thursday
- The company announced losses of £112.3 million for the full year to September.
LONDON — Shares in Daily Mail owner DMGT dropped nearly 25% in early trading on Thursday after posting a pre-tax loss for the full year to September and warned 2018 will be “adversely affected by recent disposals and challenging conditions.”
The firm, which also owns the Metro newspaper brand, said in a results statement that its full-year loss was £112.3 million pounds, including impairment charges, compared to last year’s profit of £201.7 million.
Here’s the chart:
It said 2018 would be a “year of transition” and added:
“The Group’s short-term earnings will be adversely affected by recent disposals and challenging conditions in some of our sectors. However, the Board is confident that in the medium term the strategy will result in DMGT being well-positioned to generate sustainable earnings growth with a strong balance sheet which will underpin DMGT’s long-standing commitment to deliver real dividend growth.”
Shares were down 24% at 531p at 8.40 a.m. GMT (3.40 a.m. ET).
At L Technology Group, we know technology alone will not protect us from the risks associated with in cyberspace. Hackers, Nation States like Russia and China along with “Bob” in HR opening that email, are all real threats to your organization. Defending against these threats requires a new strategy that incorporates not only technology, but also intelligent personnel who, eats and breaths cybersecurity. Together with proven processes and techniques combines for an advanced next-generation security solution. Since 2008 L Technology Group has develop people, processes and technology to combat the ever changing threat landscape that businesses face day to day.
Call Toll Free (855) 999-6425 for a FREE Consultation from L Technology Group, https://www.ltechnologygroup.com.