O'Reilly in profit

Thursday 26 August 1993 00:02 BST

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Independent Newspapers, Tony O'Reilly's Irish newspaper group, saw first-half profits double to Ir pounds 14.5m due partly to a Ir pounds 2.6m credit from the Ir pounds 3.6m gain on the sale of its 2 per cent holding in Mirror Group Newspapers less the cost of redundancies. Operating profits rose 21 per cent to Ir pounds 12.6m.

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