Sport Media Group has reported pre-tax losses of £7.7m for the year to end of July but said circulation of the Daily and Sunday Sport had risen ten per cent since hitting a low in March.

However, the group dropped out of ABC accreditation earlier this year so independent verification of circulation figures is unavailable.

The group had operating profits of £263,000 in from the 12 month period compared to £6.4m profits in the same period in the previous year.