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Daily Mail Profits Up 43%
The Daily Mail and General Trust has today announced annual results for the year ending October 2. Pre-tax profits were up 43% from £64.4m last year to £92.1m, seemingly none the worse for any price war knock-on effects. The company said, “Our largely UK-based businesses continue to experience improving advertising markets”. DMGT’s shares rose 5p this morning to 985.
