Alma Media's second quarter operating profit to be slightly below the corresponding period
Alma Media Corporation Stock Exchange Release July 9, 2010, at 14.30
ALMA MEDIA'S SECOND QUARTER OPERATING PROFIT TO BE SLIGHTLY BELOW THE
Alma Media's comparable operating profit for the second quarter will be slightly
below the level of the corresponding period (Q2/2009: 12.2 MEUR), against the
company's previous outlook statement. Reasons behind this are weaker than
estimated growth in net sales and the aggregate cost development. The aggregate
cost development was partly affected by an ICT expenditure booked for the period
but partly caused during previous periods.
At the end of April Alma Media estimated that its second quarter comparable net
sales and operating profit were expected to be close to the previous year's
level. Alma Media will publish its second quarter interim report on 22(nd) July
2010 at 9 am EEST.
ALMA MEDIA CORPORATION
Tuomas Itkonen, CFO
For more information please contact:
Tuomas Itkonen, CFO, tel. +358 50 381 0875
Alma Media in brief
Alma Media is a profitable and internationally expanding company with a focus on
the future of newspapers and online services. Its best known products are the
Aamulehti, Iltalehti, Kauppalehti and Etuovi.com.
Alma Media's net sales in 2009 totalled MEUR 307.8 with an operating margin of
13.5 per cent. The company's share (ALN1V) is listed in the NASDAX OMX Helsinki
Exchange. Read more at www.almamedia.fi
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Source: Alma Media Oyj via Thomson Reuters ONE