Severe losses for Intrafish

The organisation saw a loss of MNOK 4.4 during the quarter, whilst there was an operating loss of MNOK 0.2 last year. All in all, income increased by 101% to MNOK 76.9, and the operating loss was MNOK 9.2 as against a profit of MNOK 0.3 last year. The decline is due partly to recruitment and integration costs and partly a weak trend in the advertisements market.

The owner of Intrafish Media, NHST Group also owns the leading business paper in Norway, Dagens Næringsliv.This has traditionally been the money maker in the grop. But not any more. The papers deficit in Q3 was 19,5 million NOK. Now the group is forced to cut the costs, it reports.