Investor Relations
News Detail

12th Aug 2003

Australian subsidiary company results for the half year to 30 June 2003

INM's APN News & Media Interim Net Profit up 24% to $44.7 million

APN News & Media Ltd (APN), (43% owned by Independent News & Media PLC) today announced a net profit after tax for the six months ended June 30 2003 of $44.7 million, up 24% on the prior year.

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“Independent News & Media has always understood that beyond being a very successful company in the financial sense, it has broader social responsibilities to all those communities where it operates. This is demonstrated by over 200 projects and charities which the company has underwritten and supported and can be seen from the work that INM has done in education, particularly the work they’ve done in health education in South Africa in relation to HIV and AIDS.”

Baroness Margaret Jay, Non-Executive Director