-British media company Future Plc said on Monday it expects full-year profit at the top end of market expectations, driven by a pandemic-led boost in digital marketing at its publications.
The company, whose titles include Homes & Gardens, PC Gamer, TV Times and Woman's Weekly, is expected to post annual adjusted profit at the top end of market outlook between 183.5 million pounds and 193 million pounds ($248.61 million and $261.48 million), according to a consensus of analysts' estimates provided by the company.
Last year, the company reported an adjusted profit of 93.4 million pounds.
The FTSE-250 firm also announced the completion of its $415 million acquisition of Dennis Publishing Ltd, which owns titles including The Week, MoneyWeek and Kiplinger.
Future Plc said it appointed Chief Strategy Officer Penny Ladkin-Brand as its finance head with effect from Oct. 31, replacing Rachel Addison, who joined the company after it bought TI Media in April last year.
($1 = 0.7381 pounds)