IN&M shares boost on cards, says Merrion
Merrion's positive stance comes in the wake of a massive increase in profits at IN&M's 44%-owned Australian subsidiary APN News & Media Ltd (APN), which reported a record net profit for the 12 months ended December 31, 2002, of AUS$90.2 million (50.77m), up 87% on the previous year.
IN&M's share price has fallen from a 2000 high of €11.17 to an opening seven-year low of €1.27 yesterday.
