Profit for Bonnier AB during a difficult year.

0 Comments | M2 Presswire, February, 2002

M2 PRESSWIRE-21 February 2002-Bonnier Group: Profit for Bonnier AB during a difficult year (C)1994-2002 M2 COMMUNICATIONS LTD RDATE:20022002 Despite a sharp deterioration in earnings compared with a year earlier, Bonnier AB reported positive earnings in 2001. Profit after financial items totalled SEK 116 M (986).

Earnings were severely impacted by falling advertising revenues, particularly for daily newspapers and TV. The Group`s Books and Magazines business areas showed favourable earnings, however. Business Information noted record earnings, while Entertainment, which includes Svensk Filmindustri and SF Bio, posted an earnings improvement for the third consecutive year. The decline earnings was mainly due to deteriorating conditions in the...