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However, Mecom said that "marginal reductions in revenue were more than compensated for by strong cost control".
Its niche products and strong cost control have helped it achieve profit margins averaging 16 to 18percentt, Mr. Royce said.
Antofagasta lost early gains to close 2.5p lower at 895p despite a 13% rise in first quarter copper production and strong cost control.
Chairman Richard Jewson said strong cost control had been the key to improved profitability, and that he was "pleased" with the financial performance of the group that publishes four daily regional newspapers, including the Eastern Daily Press and Norwich Evening News, and around 50 weekly titles.
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Qwest said it expected revenue and margins to continue to improve because of strong cost controls and demand for its Internet-based applications and services.
Second, even if there had been no deficit, any program for universal health insurance in the 1990s had to include strong cost controls.
Instead of fleeing energy altogether, Mr. Forester said, he recently sold his position in Marathon Oil and has shifted a good deal of that money into Exxon Mobil, a more diversified energy company with strong cost controls.
Analysts said tighter inventory management, which reduced the need for discounting, and strong cost controls helped raise the retailer's profit margins in the quarter, and that this appeared to be sustainable.
The retailer said on Tuesday that strong cost controls and healthy sales of paint, bathroom accessories and kitchen installations helped lift its net income by 12.4 percent during the period.
Medicare spending per enrollee is projected to increase more slowly than per capita gross domestic product or private insurance spending per enrollee over the next decade, and it is only in the following years that strong cost controls may have to come into play as the population ages and medical costs continue to rise.
The company cited strong cost controls, a healthy alumina market and an improvement in demand.
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