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Profits at Trinity Mirror up 11%

UK newspaper publisher Trinity Mirror, which used to own the Sunday Business Post here, has reported an 11% increase in pre-tax profits to £172.5m sterling for 2003, up from £155.5m in 2002. It raised its total dividend to 18.3 pence.

Analysts had expected a pre-tax profit of £168m.

Trinity Mirror said that an improving trend in advertising revenues had continued into this year.