Profit to rise at Daily Mail's info unit

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Date: Tuesday 08 Jul 2008

LONDON (ShareCast) - Newspaper group Daily Mail and General Trust’s business information division is trading strongly, with adjusted full year operating profit seen up around 5%.

DMG Information (DMGI) is expected to reveal a modest reduction in margins from 24% to 23% for the year to 28 September “despite lower property transaction volumes in both the UK and US and the investment programme in the insurance & financial sector.”

But transaction volumes in the firm’s two main property information companies, Landmark and EDR, continue to be impacted by the current market conditions.

“We continue to see opportunities for strong growth across the portfolio,” said DMGI boss Martin Morgan.

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