The Week: Media news - ShortList posts £2.7m loss
ShortList Media, the free men's magazine publisher, has posted a pre-tax loss of £2.7 million for its first year of trading to the end of August 2008.
The company, which had a turnover of £3.1 million, said it was on
track to meet its target three-year profit plan. Mike Soutar, the chief
executive, added: "We thought we would make greater losses in year one
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than we did. But we beat our original forecasts. We are well set to hit
our targets in the next 12 months."
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