The company behind the Business Post newspaper recorded a pretax loss of about â¬526,000 in 2019, a year in which it rebranded its main title, revamped its digital products and acquired a number of magazines.
In a note accompanying the 2019 accounts for Post Publications, the directors said the Covid-19 crisis had since âseverely disruptedâ its 2020 business plan, but that it was âcautiously optimisticâ that its underlying activities would break-even or achieve a modest profit for the year.
The directors said the companyâs parent undertaking expected to be in breach of certain financial covenants as of the date of approval of the accounts and over the forthcoming 12 months, but added that its bank lender had shown âcontinued support for the company, as evidenced by acceptance of non-compliance with certain covenants to dateâ.