Independent News and Media reports loss of €161.4 million in 2008; Problems in securing borrowing facilities to fund maturity of €200 million bond
Apr 30th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Independent News and Media today reported a 26% fall in pretax profits before exceptional items of €211.7 million for 2008. The Dublin-headqaurtered multinational media company also said its has been unable to secure new borrowing facilities to fund the maturity of a €200 million bond due to mature on May 18th. IN&M's loss for the year was €161.4 million.