Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Russian-owned The London Evening Standard claimed its first profit
17.10.2012 19:09
Russian-owned The London Evening Standard claimed its first profit

The British newspaper The London Evening Standard, which belongs to the Russian businessman Alexander Lebedev, has brought its first profit to its owner.  

      
 Andrew Mullins, managing director of the Standard, has pre-empted owner Independent Print's accounts for 2012 to confirm the free London paper made just over £1m in profit in the year to 30 September 2012.

      
So Alexander Lebedev has achieved his aim to turn the newspaper into profitable assets within three years.  Alexander Lebedev purchased The London Evening Standard in 2009 for £ 8.3 million. In 2009 the annual loss of the newspaper amounted £ 30 million. The businessman reorganized the company and made the newspaper free. By October 2010 the losses were cut up to £16.9 million, and by September 2011 The London Evening Standard lost about £7 million.



Author: Irina Fomina

Tags: Russian business Alexander Lebedev    

Next Previous


You might also find interesting:

The FIFA World Cup in Russia has Led to a Sharp Increase in Sales in Various Fields of Businesses
31.07.2018
The Russians have Admitted that They Often Buy Illegal and Counterfeit Products
10.05.2018
The Tax Code will be Supplemented by the Chapters on Non-tax Payments
05.10.2018
Petr Fradkov will Head the Updated Promsvyazbank
23.01.2018
SPIEF 2018: Finoteka Presentation
24.05.2018







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

-8

search on the map
TAGS:
Candies  Exhibitions in Moscow  Moscow Temples  Alexey Pushkov  Astronautics Museum  Russian Literature  Russian business  Republic of Tatarstan  Romanovs  contemporary art  pensioners in Russia  Alisher Usmanov  cross-country skiing  Moscow  The Romanov Family  Orthodoxy  Space Monitoring System   Stamps  Slavic Symbols  Russian history  Vasily Safonov  Japan  St. Petersburg  Sport Legends  music  Russian government  Tanais   Lago-Naki  Russian Cinema  Russian Helicopters   Murmansk Region  Russian exhibitions  Azov  Tavrichesky garden  Russian arts  business climate  Russian Film Distribution  Russian Stage Directors  Russian education  Robots  Russian gas  Anatoly Kokorin  Vilyuchinsky Pass  Russian tourism  Valentin Pikul  Russian airports  Opposition  Mercedes-Benz Fashion Week Russia  Archeology  Art Exhibitions 


Travel Blogs
Top Traveling Sites