Mirror Group Newspapers has released pre-tax profits of £131.9m for the year to December 1993, this compares with a loss of £88.7m for the same period in 1992. Turnover was £476.1m, compared with £466.1m in 1992. MGN chairman, Sir Robert Clark, said “1993 was a year of success and transformation for MGN.”
MAI PROFITS
MAI, the media and financial services group, has recorded a 42% increase in pre-tax profits to £48m, for the 6-months to December. Meridian, in which MAI holds a 65% stake, achieved profits of £5.6m and a turnover of £90m.
Lord Hollick, chief executive of MAI, refused to comment on suggestions that the company is preparing to increase its stake in Meridian.
Media Jobs
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