After two years of revenue freeze, Independent News & Media (INM), the Dublin-based newspaper publisher, saw an increase in revenue by 7.8%.

Despite the rise, INM dissected its business operations over its 44 countries to find that its South African newspaper was not able to make use of the World Cup’s propaganda to rejuvenate its profits. This newspaper’s revenue dropped by 2% in comparison to last year’s estimations. The overall decline in incomes was attributed to the decline in both advertisement and distribution.

Gavin O'Reilly, the INM Group Chief Executive, commented on 2010’s rise in revenues by saying, "After an extremely difficult 2009, we've had a very good start to 2010, achieving a number of important milestones in revenue growth, market share, and profitability and further deleveraging". He also added that the Company managed to record the 656.5m Euros profits through long processes of pushing away all the liabilities and obligations that have been holding back the INM’s trade pace in the previous years.

O'Reilly stated that the income rates recorded in the second half are supporting the rest of the year 2010 as the Company plans to improve the ‘operating performance’ to meet customers’ expectations.