Euromoney set to make £57m profit

Business media group Euromoney has revealed it is on course to report adjusted pre-tax profits of £57m for the year to the end of September (compared with £67.3 million in 2008).

The division of Daily Mail and General Trust publishes more than 100 magazines, newsletters and journals and provides data on international finance and emerging markets.

The full-year results will be announced on 12 November.

The group also revealed today that net debt will be £170m, compared with £214.7, as of 31 March.

The predicted profit figure does not include exceptional items and certain depreciation costs and foreign exchange losses.

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