Mirror publisher’s profits leap after Local World takeover

The publisher – which owns the Daily Mirror, Sunday Mirror and the People alongside regional and local newspapers such as the Manchester Evening News and Liverpool Echo – said adjusted pre-tax was £66.9m in the 27 weeks to 3 July, up from £47m last year.

Revenues across Trinity rose 30% to £374.7m due to both the impact of Local World and an additional week included in the trading period compared with 2015.

The company also managed to reduce its debt by almost half from £92.9m to £48m. However, its pension deficit rocketed by £120.8m to £426m, which Trinity said was the result of falls in long-term interest rates.

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