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DMGT: Daily Mail & Metro deliver record operating profits

DMGT draws most of its revenue from B2B activities including risk management and financial informati

The Daily Mail and Metro newspapers gave a boost to the fortunes of their parent company by delivered their highest ever operating profits in the year to October, the company said today.

Despite adjusted revenue falling six per cent to £1.98bn, Daily Mail & General Trust's adjusted operating profit jumped 17 per cent year on year to £320m thanks to a strong return from its consumer media business.

Higher national advertising revenues, together with a focus on cost control, led to a 46 per cent increase (£39m) in adjusted operating profit of £125m in the 12 months to 3 October across A&N Media - DMGT's consumer media business.

To read the full article, visit the Press Gazette website.