7th Apr 2016 07:37
LONDON (Alliance News) - Media group Future PLC Thursday said its overall trading in the half year to end-March has been positive, and its expectations for both its first half and full year remain unchanged.
The company said its new divisional structure, implemented last November, is working well, with its Media division performing strongly. This has been particularly driven by the division's new revenue streams, such as e-commerce, which more than doubled in the half year compared to the whole of the last financial year, mostly due to Future's leading brand 'TechRadar'.
Future recently bought Noble House Media, a multi-platform publisher specialising in the tech sector. Noble House owns mobile magazine Mobile Choice, and hosts the Mobile Choice Awards, which Future said will add strength to its technology portfolio.
Future expects to report its first half results in the week commencing May 16.
"We have made a very encouraging start to this financial year. The investment in the new Media division is paying off with strong growth in our new revenue streams, in particular e-commerce," said Chief Executive Zillah Byng-Thorne in a statement.
Shares in Future were up 0.8% at 9.50 pence Thursday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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