With profits up, ad revenue up and sales up, the popular publication has enjoyed another good year despite economic downturn.

This article titled “Economist group defies gloomy media trend with upbeat results” was written by Roy Greenslade, for guardian.co.uk on Tuesday 21st June 2011 09.31 UTC

Almost all British-based newspaper and magazine publishers are contemplating losses or declining profits. But the Economist group, as it does on a regular basis, is telling a very different story today.

According to its results for the year ended 31 March 2011, the publisher of The Economist enjoyed another record operating profit. It was up 10% to £63m, with revenue up 9% to £347m.

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