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April 2, 2008

Scottish Provincial Press profits grow despite industry slump

By Patrick

Scottish Provincial Press, one of the biggest local newspaper groups north of the border, has returned improved profits in its year-end accounts despite a slump in advertising revenues for many newspapers,

SPP increased operating profits by 8 per cent to £2.43m in the 52 weeks to September last year, compared to the previous 12 months, reports the Herald.

The company increased turnover by four per cent – up to £15m – from its 12 titles including the Caithless Courier and John O’Groats Journal.

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