Telegraph Media Group has announced that profits rose 11 per cent to almost £60m in 2010.
The publsiher put the results down to its merging of print and digital operations and a resurgence in advertising income.
Pre-tax profits were up by £5.8m year-on-year to £58.9m. That figured looked even better considering 2009’s pre-tax profits were “flattered” by a one-off sale of land. That brought in £13.2m, meaning like-for-like growth was closer to 50 per cent, according to TMG. Turnover was up 2.1 per cent to £323m.