Roularta more profitable with less turnover

The Belgian media giant Roularta reports a fall of 4 million in turnover for the first half of 2015, from 154 to 150 million. However, net profit increased to 22 million. An increase of a whopping 53,4%, a margin of 14,6% of turnover. Remarkable is that income from television advertisements (+ 22.3%) and internet (+ 15.1%) grew, but income from free newspapers fell (- 5.5%). Source: trends.be