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Daily Mail Group Shows Good Profits

Daily Mail Group Shows Good Profits

Daily Mail and General Trust today announced pre-tax profits of £65.6m for the six months to 30th March 1997, up 60% from £41m the previous year. Turnover rose from £476.6m to £545m.

In its newspapers division, Associated Newspapers, there was some pre-Christmas display ad weakness though classified ads remained strong. Northcliffe had a good year due to strong recruitment advertising and also benefited from a reduction in newsprint costs. The newspaper arm of DMGT produced turnover of £438.3m compared to £397.1m last year.

DMGT: 0171 938 6000

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