Record profits for APN News & Media

APN News & Media Ltd (APN), in which Independent News & Media PLC has a 40.5% shareholding, today announced a record net profit for the 12 months to December 31, 2003 of $103.5m (€81.31m), representing a 20% increase on the prior year, excluding non-recurring items.

Independent News & Media PLC owns the Irish Independent, the Evening Herald, as well as regional titles.