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MGN Profits Rise
Mirror Group Newspapers have announced pre-tax profits of £69.9m, for the six months ending June 1993. This is an increase of over 300% on the same period last year, with profits of £15m.
Turnover is up from £233.7m to £237.2m. The group has been helped by success in recovering assets stolen from the pension fund by Robert Maxwell. This has enabled MGN to recover £30m set aside to cover missing pension money.
Trinity International has reported pre-tax profits up 22% at £9.4m for the six months to June 26.
