Granada Group has announced results for the interim period to April 2. Pre-tax profits were up 51% to £103.0m, for the group as a whole. This was better than city experts expected and has been attributed to Granada’s takeover of LWT. Granada TV (now including LWT) achieved an increase in profits of 64%, to £34.8m.
Chief executive Gerry Robinson said: “Granada has had an excellent start to the year with programme sales to the network showing an increase of 8%.” Granada’s share price this morning leapt 13 to 504.
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