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DMGT reports annual losses

DMGT reports annual losses

Daily Mail and General Trust (DMGT) may be best known for its eponymous newspaper and website, but it’s the business-to-business (B2B) titles that contribute the majority of its profits. In the year to September 2017, that dominance effectively left the group exposed. Even with the benefit of acquisitions and positive foreign exchange movements, the division's operating profit contracted by 5 per cent to £152m, while £206m of impairment charges at three specialist titles propelled the group into an operating loss.

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