The trading update reported that group circulation revenues are expected to show low single-digit growth in the six months to June 30, as well as high single-digit percentage growth in group ad revenues. The company said that the increase was due to a number of elements, including cover-price initiatives and increased marketing spend.
Independent News also predicted an increase in margins due to a focus on cost-cutting and said that it expects a "meaningful improvement in underlying profit for the full year of 2005".
The group forecasts revenue growth across five of its primary markets: the UK, Ireland, South Africa, Australia and New Zealand.
"Independent's compelling mix of strong franchises and leading market positions in diversified and growing markets will deliver a strong first-half financial performance," group chief operating officer Gavin O'Reilly said.
"The group remains happy with current trading. Good revenue conditions prevail and costs remain well managed," he added.
The statement was issued in advance of Independent News's interim results, which are scheduled for release on Wednesday September 14.
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