Expansion costs at Business Post Group contribute to pre-tax losses increasing by 62% to €1.21m

Expansion costs at the Business Post Group contributed to pre-tax losses increasing by 62 per cent to €1.21 million in 2022.

New accounts filed by Business Post Group Ltd show that the group recorded the increased losses as revenues surged by 64 per cent from €12.36 million to €20.33 million.

The group publishes the Business Post print and digital newspaper and also provides market research and public opinion polling through its Red C and UK based data insights provider, Relish Research.

The group’s revenues increased sharply as the business enjoyed the first 12 month revenue benefit of Red C which was purchased for €7 million on September 10th 2021.

Since acquiring The Sunday Business Post through his Kilcullen Kapital investment platform in 2018, group chief executive and publisher, Enda O’Coineen has overseen the growth of the Business Post business and has since completed six other investments and partnerships.

In their report, the directors that “the increase in…

We’ve summarized this news for a quick read. If you’re interested, you can read the full article here:

Breakingnews.ie