Thursday, February 5, 2009

Metro profitable in 2008 despite recent losses

Sweden’s Metro International, which publishes free newspapers around the globe, on Thursday reported net profits of $4.06 million in 2008 despite fourth quarter losses.

The group had recorded a $20.15 million loss in 2007.

Metro's sales were down 10.7 percent year-on-year in 2008 at $29.47 million.


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