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Independent Newspapers Profits Up 34%

Independent Newspapers Profits Up 34%

Tony O’Reilly’s Independent Newspapers yesterday announced a 34% rise in pre- tax profits from I£15.15m to I£20.36m in the six months to June 30, boosted by the first full period from the South African acquisitions.

The results include a one month trading performance from the 43% stake in Newspaper Publishing, publishers of the Independent. Independent Newspapers’ Irish titles have all increased circulation.

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