Profits up at Future

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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.”