QUARTERLY REPORT 2nd quarter 2012

Highlights

Group revenues in the 1st half of the year were NOK 614.4m, growth of 2% compared with the same period of the previous year. In the 2nd quarter revenues fell by 2% to NOK 310.6m
The group’s operating profit in the 1st half of the year was NOK 34.9m compared with NOK 31.4m in the same period of the previous year. In the 2nd quarter operating profit was NOK 30.9m compared with NOK 29.4m in the same quarter of the previous year

Reduced revenue growth is a reflection of a marked decline in advertising revenue in particular.
Cost efficiency measures have reduced the impact of weaker growth on the bottom line and are continuing.