SHARE
COPY LINK

EARNINGS

Free paper publisher Metro sees losses shrink

Metro International, which publishes a number of free newspapers around the world, said on Monday that it had narrowed its losses in the second quarter.

Free paper publisher Metro sees losses shrink
Photo: Metro International (file)

It added that earnings were now on a “positive trend” as the advertising market continues its recovery. Metro suffered a net loss of some 400,000 euros (3.8 million kronor, $520,000) in the second quarter after a loss of 3.7 million euros for the same period in 2009.

Sales rose 10 percent to 54.4 million euros. The company turned a profit in the last quarter of 2009. It lost money in the first quarter of this year but said market conditions were improving.

“The positive trend from the first quarter has continued into the second

quarter,” CEO Per Mikael Jensen said in a statement, adding the group’s performances had been particularly strong in Sweden and Hong Kong.

He said the company was on a good track to post a profit in 2010.

“A more positive outlook in advertising markets allows us to re-confirm

this message with greater confidence,” he said.

Since the beginning of the global economic crisis, which sent advertising

sales worldwide plunging, Metro has focused on its main northern European markets.

It shut down its Spanish business and has sold its US, Italian and

Portuguese divisions. Metro is published in 19 countries with some 17 million daily readers, the company said.

Member comments

Log in here to leave a comment.
Become a Member to leave a comment.
For members

TRAVEL

The Paris transport works that could disrupt your summer

Every year, major engineering works take place on the capital's public transport network in July and August, when Parisians flee the city for their summer holidays. Here’s the lines affected this year.

The Paris transport works that could disrupt your summer
Photo: Ludovic MARIN / AFP.

Metro

The most significant changes to Metro lines will take place on line 6. The line will be closed between Montparnasse-Bienvenüe and Trocadéro throughout July and August, and the Nationale station will remain closed until the end of August. Replacement bus services will be available but will add time to your journey.

The Mairie des Lilas stop will also be inaccessible from June 26th, so line 11 line will end at Porte des Lilas until August 29th.

There will also be disruption on line 14, with no trains running between Gare de Lyon and Olympiades from July 25th until August 22nd, as work takes place to extend the line to Paris Orly Airport.

RER

Services on the RER A line will be suspended between Auber and the Université, Cergy and Poissy stations from June 26th until August 29th, every day from 9pm and all day on weekends.

From August 9th to 13th, and August 16th to 20th,  services will be suspended all day between Auber and La Défense, and no trains will be running to or from Poissy.

Frequent work is planned on RER B, which will affect journeys between the city centre and Charles de Gaulle and orly airports. There will be no services between Aulnay-sous-Bois and Charles de Gaulle 2 Airport on the weekend of June 26th-27th, or any day after 11pm from July 1st until August 27th. There will however be a replacement bus.

Services between Charles de Gaulle terminals 1 and 2 will also be suspended on July 3rd and 4th. Likewise for journeys between Gare du Nord and Charles de Gaulle 2 on August 14th and 15th.

Improvements take place during the summer, when public transport is less crowded. Photo: Aurore MESENGE / AFP.

The Luxembourg stop meanwhile will be closed throughout the whole of July. As will the Fontaine-Michalon station to the south of Paris from June 28th to July 23rd, and Denfert-Rochereau every weekend from July 24th until August 22nd.

The RER C will also see its share of engineering works, with no trains running between Pontoise and Avenue Henri Martin on weekdays after 9:30pm, from July 1st until July 13th.

There is greater disruption to come on weekends from July 15th to August 21st. Services will be suspended between Musée d’Orsay and Pontoise, Saint-Quentin en Yvelines and Versailles Château Rive Gauche, and Massy – Palaiseau and Pont de Rungis Aéroport d’Orly.

Tram

Most tramlines will be unaffected by works, but there will still be interruptions in certain areas. Notably, the stretch of the T3b line from Porte de Vincennes to Delphine Seyrig will be blocked between July 3rd and 9th.

Full details of the disruption can be found on the RATP website.

SHOW COMMENTS