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Daily Mail & General H1 Pre-tax Profit Up

Multimedia and information company Daily Mail & General Trust plc (DMGT.L), Thursday reported pre-tax profit of 96.9 million pounds for the first half of the year, compared with 36.7 million pounds during the comparable period last year.

Adjusted profit before tax increased 30 percent to 137 million pounds from 105 million pounds reported during the same period a year ago.

After taxation, profit for the period including profit from discontinued operations were 117.3 million pounds compared with 69.5 million pounds during the corresponding period last year. On a per share basis, earnings from continued and discontinued operations were 27.4 pence compared with 15.8 pence reported prior year.

Adjusted earnings per share for the six-month period were 25.1 pence per share compared with 19.6 pence last year.

Revenues generated for the period was 866 million pounds, unchanged from previous year. On an adjusted basis, revenues for the period was 915 million pounds, decreased from 974 million pounds reported during the same period last year.

The company's outlook for the full year remains unchanged.

The board declared an interim dividend of 5.9 pence per ordinary and 'A' ordinary Non-Voting share payable on July 5 to shareholders of record on June 7.

by RTTNews Staff Writer

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