DC Thomson Reports 20% Hike in Annual Profits Although Its Genealogy Companies Report a Loss

DC Thomson is a large corporation with many divisions and with many different business interests around the globe. While based in Dundee, Scotland, DC Thomson owns numerous businesses throughout the British Isles as well as in North America, Latin America, Australia, and a number of other countries. Of interest to genealogists, DC Thomson is the parent company of Find My Past, Genes Reunited, Scotland’s People, The British Newspaper Archive, and it’s most recent genealogy acquisition: Mocavo, Inc.

In its latest financial report, released this morning, the Dundee-based group said profits rose to just over £30 million (roughly $44 million US) in the 2015 year to March as the group cut operating costs by £6.6m (roughly $10 million US) on the prior year.

While the corporation’s bottom-line numbers are positive, the company’s genealogy businesses don’t seem to be doing so well.

The genealogy and archiving division, Brightsolid online innovation, booked a pre-tax loss of £14.08 million (roughly $20.5 million US) for the 2015 year to March 31 against a pre-tax loss of £6.71 million (roughly $10 million US) for the 2014 year.

You can read more in an article by Scott McCulloch in the Daily Record and Sunday Mail at http://goo.gl/zuYLQB.

The numbers probably are no surprise to financial analysts. DC Thomson has a long history of purchasing unprofitable companies, investing money in them, and then nurturing them over a period of years until they become comfortably profitable once again.

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