Business

Shares in Daily Mail owner at 13-year high after results

Daily Mail flag Image copyright Getty Images
Image caption MailOnline is the most-read newspaper site in the world

Shares in the Daily Mail's publisher rose 4.8%, to a 13-year high, after the group posted strong quarterly results.

The Daily Mail and General Trust (DMGT), said its total underlying revenue was £472m in the three months to December, up 6% from a year earlier.

Advertising revenue for its website, MailOnline, hit £14m in the quarter, a 48% increase from 2012.

Print advertising revenue for the Daily Mail and the Mail on Sunday newspapers fell by £1m during the same period.

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Last Updated at 24 Nov 2017, 16:21 GMT Daily Mail and General Trust A (Non.V) twelve month chart
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The MailOnline overtook the New York Times to become the most-read English newspaper site in the world in 2012.

Its monthly unique users topped 168m during November 2013, its biggest ever month for traffic.

Wowcher, the DMGT's voucher website, delivered a "particularly strong performance", said the group, with 4.3 million subscribers.

The group, which also owns the London-based Metro newspaper, also posted an £199m increase in net debt to £772m for the quarter, which it said was in line with expectations.

Its outlook remained unchanged for the year.

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