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Trading statements

DMGT adjusted profits to be at low end of forecasts

02 October 2017 07:18

Daily Mail and General Trust has confirmed that the outlook for 2017 remained in line with current market expectations but that adjusted pre-tax profits would be towards the low end of forecasts.

In a trading update for the 11 months to the end of August it said that the group had seen underlying revenue growth of 1% with pro forma reported revenues up 5%, including a 6% benefit from foreign exchange rates.

Other highlights: - B2B underlying revenue growth of 1%

- dmg media underlying revenues up 1%, including strong digital advertising growth - Continued execution on increasing portfolio focus; disposal of Hobsons' Admissions business in September - Outlook for the full year unchanged; adjusted EPS towards high end and adjusted pre-tax profits towards low end of market expectations.

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