REGIONAL newspaper publisher
Shares in the publisher closed up 0.48 per cent at 4.22p as investors remained committed to the firm, which has reduced its debt by 40 per cent to £181.6m over the past year.
"The results reflect our ongoing progress against our strategic priorities as well as an improving economic climate, and demonstrate our continuing relevance to the communities we serve across print and digital," said chief executive
"We now have a third less debt with a markedly lower interest rate resulting in our annual interest payments reducing from over £36m to around £20m. This puts
Johnston's digital advertising revenue grew 23.4 per cent to £14.1m, however this was not enough to compensate for the overall decline in print advertising which dragged total revenues down by 4.3 per cent to £135.8m during the 26 weeks to 28 June.
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