Dawson Holdings, the media services firm, has reported much disappointing figures for the current year up-to September end. While revenue declined from 85 Million, recorded for the same period last year, to 81.4 Million for the current year, pretax earnings fell a to mere 1.8 Million from 2008's 3.5 Million.

Operating profit also fell by almost 50% to 2.5 Million from last year's 4.1 Million, and earnings post-tax were 1.3 Million, as compared to 2.5 Million recorded for 2008.

The sharp fall in earnings and revenue have been blamed by the company on the weakness at its marketing services business, and 2010 is being seen as another tough year for the firm which only last week agreed to new finance facilities with GE Capital and Barclays Bank.

"We are pleased to have concluded new funding arrangements successfully, helping to provide additional certainty to clients across all of our remaining businesses. Whilst we do not expect the economy to improve for some time in the areas in which we operate, we are confident that having survived the unusual challenges of the last twelve months, the Group is in reasonable shape to take advantage of the economic recovery when it occur", said CEO Hugh Cawley.

In light of the recent losses incurred, the company has announced that it will not be able to pay any dividends.