Investor Relations
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22nd Feb 2005

APN News & Media Limited - Results for the Year Ended 31 December 2004

Trans-Tasman growth markets drive APN 2004 Profit up 26% to a record A$130.2m, including new product investments

APN News & Media Limited (APN), in which Independent News & Media PLC has a 39.7% shareholding, today announced a record net profit for the 12 months ended 31 December 2004 of A$130.2 million, representing a 26% increase on the prior year, excluding non-recurring items (NRIs).

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“Independent News & Media has always understood that beyond being a very successful company in the financial sense, it has broader social responsibilities to all those communities where it operates. This is demonstrated by over 200 projects and charities which the company has underwritten and supported and can be seen from the work that INM has done in education, particularly the work they’ve done in health education in South Africa in relation to HIV and AIDS.”

Baroness Margaret Jay, Non-Executive Director