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Irish Times group reports rise in turnover but higher costs push it into red

News Snapshot:

The Irish Times group posted record revenues last year but had to contend with rising costs. The Irish Times’ group revenues rose by 2 per cent to €109.7 million last year but the media company slipped into the red as a result of a substantial rise in overheads and some once-off exceptional costs. Accounts for The Irish Times DAC show that it made a loss before tax of just more than €5 million for the year to the end of December 2022. This compared with a pretax profit of just under €4.9 million a year earlier. The company’s expenditure rose…

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