The Mirror Group has announced financial results for 1996 which show that pre-tax profits have risen to £82.2 million against £77.1 million the previous year. Turnover was up 7% to £537.7m.
Within its newspaper division there was a 6.7% rise in advertising revenues and losses from the 46%-owned Independent were reduced by 43%. Losses at L!ve TV were cut by 16%.
Chief executive David Montgomery also said that the group was looking at opportunities to expand, especially in relation to its 20%-owned Scottish TV.
Mirror Group: 0171 293 3000
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