Photobition up

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The Independent Online
PHOTOBITION, the media services group, unveiled pre-tax profits of pounds 9.8m for the 15 months to the end of June, against pounds 7.5m in the year to end-March 1998.

The chief executive and chairman, Eddie Marchbanks, said current trading was in line with expectations and the group had seen no signs of a slowdown. The group, which last week bought US graphic display group Katz Digital Technologies for pounds 28m, said recent falls in its share price, from a high of 333p in May, had pushed it towards the use of debt rather than new shares for acquisitions. The shares closed at 222p.

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