The Guardian Media group has announced pre tax profits of £27.00m from £11.66m a percentage increase of 131.6%.
The chairman, Mr Harry Roach said: “Looking ahead the trading conditions in the current year are more difficult. As the price of news print continues to escalate and the national newspaper cover price war continues, the pressure on profit margins will be considerable. But we have a strong balance sheet with hardly any borrowings and thus are better placed than most to continue to expand our business.”
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