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Daily Mirror publisher says trading ahead of expectations

By Reuters

LONDON – Daily Mirror publisher Reach Plc said on Tuesday it was trading ahead of expectations and it sees that strong momentum continuing, driven by improvement in print circulation and growth in digital revenues.

It said efficiencies would fund further investment in its digital operations and help its profit margin. First-half adjusted operating profit was up 25.5% to 68.9 million pounds ($95 million).

($1 = 0.7237 pounds)