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Evening Standard reveals profit of £1.4m bringing Lebedev annual London media losses to £14.8m

By William Turvill

The Evening Standard has reported its third consecutive year in profit.

The figures mean ESI Media's reported losses across The Independent titles, Evening Standard and London Live total £14.8m for the year to September 2014.

The Evening Standard today claimed an operating profit of £1.4m on turnover up 8.7 per cent to £62.9m. This was a slight dip on the previous year's reported profit of £1.75m.

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