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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/11/dmgt-posts-23-rise-in-profits.jpg"><img class="alignnone size-full" title="Daily Mail and General Trust has reported a 23% leap in profits" src="http://londonglossy.com/wp-content/uploads/2010/11/min-dmgt-posts-23-rise-in-profits.jpg" alt="Daily Mail and General Trust has reported a 23% leap in profits"/></a></p>
<p>Daily Mail &#038; General Trust has said it saw a record full-year performance from its Daily Mail and Metro newspapers as it reported a 23% leap in profits.</p>
<p>The group posted underlying pre-tax profits of £247 million, against £201 million a year earlier, thanks to heavy cost cutting and a rebound in advertising revenues.</p>
<p>It delivered the highest ever earnings at the Daily Mail and freesheet Metro, contributing to a 46% profits improvement at the group&#8217;s consumer titles.</p>
<p>Underlying advertising revenues rose 6% in the Associated Newspapers division, but the embattled Northcliffe local and regional newspaper arm saw a 7% slide amid ongoing difficult conditions.</p>
<p>Daily Mail and General Trust (DMGT) said it was &#8220;cautiously optimistic&#8221; of achieving another year of underlying growth as recent trends have continued.</p>
<p>Ad revenues in Associated Newspapers rose 9% in the first seven weeks of the new year, although it said Northcliffe faced another tough year with recent revenues down 7%.</p>
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