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Profits up at the Weekly News

Bean counters at Newbury News Ltd have managed to score a profit after tax of more than £153,000 compared to a loss of £1,935,410 in 2016.

Over the course of the 12 months up to December 31 2017, there was a reduction in staff numbers from 72 to 59 and it was the first full year in which the price of the newspaper was £1 after a 20p increase at the end of 2016.

This may have had a part in an increase in newspaper sales of more than £30,000 helping boost sales figures of the paper to £433,958.

Although not included in this financial statement, the Company did close its printing operation and they announced recently a move from Newspaper House next door to a garage showroom on Faraday Road.

Image: Google

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