Thursday 08 March 2018 by FIIG Research ripples_on_water Company updates

PMP Ltd 1H18 results

We reiterate our recommendation on PMP's 6.43% notes due 2019.

PMP (Company, Group) reported 1H18 results which were in-line with the market update provided in February 2018. At that time, the Group announced its second profit downgrade since November 2017.

While the integration of IPMG appears to now be on track, the second quarter results were impacted by a large reduction in print volume for local community newspapers.

Please see the full update available here to all investors.