LONDON (ShareCast) - Independent News and Media (INM), the Irish publisher of the UK’s Independent newspaper, said year-to-date revenues are marginally ahead in constant currency terms though advertising conditions remain volatile in the second quarter.

Chief Executive Anthony O'Reilly said in a statement for the group’s annual meeting that conditions remained particularly volatile in Irish property advertising.

“Consequently, it is difficult to reliably forecast the full year outcome against a backdrop of unprecedented and broad-based economic uncertainty,” said O'Reilly.

“However, the group's diversity, increasing geographic reach and mix of markets - coupled with effective cost control - is expected to deliver another best-in-class performance, and assuming no further deterioration in advertising markets, INM currently anticipates another year of achievement,” he added.

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