The pre-tax loss includes the one-off cost of £127m relating to the sale of Emap USA. However, the company said that, excluding that charge, pre-tax profits would have risen to £55m.
Emap, publisher of FHM and Mixmag, reported turnover up 3% to £456m and operating profit rose 5% to £77m based on the same calculations.
The company said growth prospects for the second half of the year would likely be as difficult as the first, although it expects to meet full-year expectations.
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