WELLINGTON - Analysts expect Independent Newspapers (INL) to report a flat to slightly lower net profit for its full fiscal year ended June 30, despite a pick-up in advertising revenues in the second half.
The company, which is 49 per cent owned by Rupert Murdoch's News Corp, will report full-year earnings on Friday.
A First Call survey of analysts has forecast earnings at 42c a share.
INL reported a net profit of $50 million, or 43c a share, last fiscal year. - NZPA
Flat INL profit predicted
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