Recorded music problems hit EMI's profits

Music giant EMI announced sharply lower profits today after a painful year at the recorded music division, which produces recordings by stars such as Kylie Minogue and Robbie Williams.

Recorded music problems hit EMI's profits

Music giant EMI announced sharply lower profits today after a painful year at the recorded music division, which produces recordings by stars such as Kylie Minogue and Robbie Williams.

The entire group’s full-year profits before tax and exceptional items in the 12 months to March 31 slumped to £153.3m (€243m) from £259.5m (€411.3m) a year earlier.

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