Mecom Reports Pre-Tax Loss of €33.4m

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By: Mark Sweney | The Guardian

Pan-European publisher Mecom has reported a pre-tax loss of €33.4m (£27.7m) for 2011, as the ad market worsened in the second half leading to a full year fall of 7% in revenue compared to 2010.

Mecom, which slashed its pre-tax loss by two-thirds compared with 2010’s €94.8m, said that on an adjusted basis it managed to slightly increase pre-tax profits year on year to €22.5m.

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