Profits up at Future

Ben Parfitt
Profits up at Future

Future Publishing has posted a slight increase in profit for the year ending September 30th 2010.

The period saw profits of £8.3m, up from the £7.6m in the same period a year before. Revenue fell one per cent to £151.5m. Net debt was reduced by nearly 50 per cent to £7.4m.

In addition, the stimulus package introduced by US president Barack Obama has granted Future a $2,5m tax windfall.

“I have to say that I'm schizophrenic (about the outlook),” Future CEO Stevie Spring told Reuters.

“When I look at the micro level, on the positive signs around the business, I'm actually very excited about 2011. But on a macroeconomic outlook I think it's very, very, very hard to be anything but cautious.”

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Tags: Media , publishing , obama , profit , revenue , future , debt

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