Group revenue for the year ending 30 September was £153.1m, a fall of 6% on the same period in 2008. Pre-tax profit fell from £9.5m to £3.7m.
Future, which publishes special-interest titles including Total Film and Simply Knitter, reduced its net debt from £21.9m to £15.6m in the period.
UK revenue, which accounts for 69% of total revenue, was £106.5m, down from £115.6m the year before.
US revenue, hit by a freefalling ad market, slumped 22% to £47m. The US operation was also adversely impacted after a dispute between retailers and distributors earlier in the year.
Circulation revenue, which makes up 60% of group income, fell 13% on the year to £91.2m. Ad revenue, which makes up 30% of revenue, dipped 17% to £46.9m.
Future, unlike its larger UK rivals, has launched new titles this year, including Triathlon Plus and Simply Knitter.
Stevie Spring, Future's chief executive, claimed the latter was already "cash positive".
She added: "The year was a tale of two markets. Our larger UK business outperformed the market, increasing profit despite a relatively modest revenue decline.
"Our US business experienced a very difficult year, hit by a general advertising market in freefall and unprecedented disruption at the news-stand."
_1.jpg)
.jpg)
