4th March 2016

Operating Profit Down For Trinity Mirror

Trinity Mirror have announced an operating profit of £82.2M for 2015.

The operating profit was down £16.4M from the previous year.

Turnover for Trinity Mirror was also down.

Turnover stood at £592.7M, down £44.6M.

Despite this poor performance, Trinity Mirror CEO Simon Fox received a pay and benefits rise to £2, 349, 000.

This is an increase from the £1, 678, 000 earned by Fox in 2014.

Year on year, Fox's salary was flat at £499, 000.

However, he received £1, 620, 000 from a long term incentive plan.

In brighter news for Trinity Mirror, digital revenue rose by £10.4M to £42.8M.
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